What do you mean by deffered expenses?
Answer / pratibha
deffered expenses are those which have been accumulated and
are not paid yet. for example if we do not pay the rent of
the building for 5 months , so it has been deffered means
accumulated!
| Is This Answer Correct ? | 7 Yes | 6 No |
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
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