Question

Visit the vegetable market in the nearest area and try to get information about income and expenditure items of a particular seller​

Answer 1

the ratio of the expenditure on grocery to the expenditure on education in a family is 2 : 5. if the expenditure on grocery is ₹980, then find the expenditure on education.

Explanation:

ans)₹2450

Answer 2

Answer:

Income and expenditures are known as the foundation of any business. In simpler terms, income and expenditure are the daily affairs of a business. Hence, people keep a track of it to keep the expenses, profits, etc.

The seller of my nearby market has a below income and expenditure per month:  

INCOME:

Vegetables: ₹40000

Fruits: ₹20000

Total income: ₹60,000

EXPENDITURE:

Transportation cost of the selling items: ₹8000

Medical expenses: ₹2500

Traveling cost: ₹300

Bribe money: ₹2200

Life insurance policy: ₹1500

School fees: ₹2500

Emergency account: ₹5000

Government Taxes: ₹2500

Stall rent money: ₹1500

Electricity bill and water supply: ₹1000

Bank loan amount: ₹7500

Total expenditure = ₹34,500

To know more about the accounts of income and expenditure, click on the link below:

https://brainly.in/textbook-solutions/q-following-information-income-expenditure-account-balance-sheet

To know about the measurement of national income, click on the link below:

https://brainly.in/textbook-solutions/q-3-explain-measurement-national-income-expenditure-method