Statement 1: Operating Surplus is the sum total to income from property and entrepreneurship
Statement 1: Operating Surplus is the sum total of income from property and entrepreneurship.
Statement 2: Operating Surplus arises in both private and government enterprises.
Alternatives:
(a) Both the Statements are true
(b) Both the Statements are false
(c) Statement 1 is true and Statement 2 is false
(d) Statement 2 is true and Statement 1 is false
Anurag Pathak Changed status to publish December 10, 2023
Ans – (a)
Explanation:-
Statement 1 is true
It refers to income from Property and entrepreneurship. It includes the following items.
Statement 2 is also true
Operating Surplus arises in both government and private enterprises, but does not arise in the general government sector as in this sector it works with the motive of social welfare
Anurag Pathak Changed status to publish December 10, 2023