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Question
Find Surplus/Deficit:
| Sr. No. | Expenditure | Income | Surplus/Deficit |
| (i) | ? | 5,500 | 1,000 (Surplus) |
| (ii) | ? | 17,000 | 2,500 (Deficit) |
Chart
Solution
| Sr. No. | Expenditure (₹) | Income (₹) | Surplus/Deficit (₹) |
| (i) | 4,500 | 5,500 | 1,000 (Surplus) |
| (ii) | 19,500 | 17,000 | 2,500 (Deficit) |
(i) Surplus = Income – Expenditure
1,000 = 5,500 – 4,500
∴ Expenditure = ₹ 4,500
(ii) Deficit = Expenditure – Income
2,500 = 19,500 – 17,000
∴ Expenditure = ₹ 19,500
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Income and Expenditure Account
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