Question : During the year 2018-2019, salaries paid amounted to Rs 2,40,000. From the following information, show the salaries item in the Income and Expenditure Account for the year ending 31st March, 2019.

1. Salaries outstanding on March 31st, 2018                   Rs 20,000

2. Salaries outstanding on March 31st, 2019                   Rs 25,000

3. Salaries paid in advance on 31st March, 2018             Rs 16,000

4. Salaries paid in advance on 31st March, 2019             Rs 12,000

Option 1: Rs 2,76,000

Option 2: RS 2,49,000

Option 3: Rs 2,51,000

Option 4: Rs 3,00,000

Question : Tigers club paid salary for the year ended 31st march 2020 amounted to Rs.1,50,000. How much amount will be recorded in Income and Expenditure Account if outstanding salary on 31st March 2019 was Rs. Rs.7,000 and outstanding salary on 31st march 2020 was Rs.10,000.

Question : Salary paid for the year ended 31st March, 2019 amounted to Rs 1,00,000 and Salary recorded in Income and expenditure account was Rs 99,700. Outstanding salary on 1st April 2018 Rs 6,500  and advance paid in 2018 for 2019 Rs 3,200. Advance paid in 2019 for 2020

Question : During the year ended 31st March 2020, subscriptions received were Rs. 31,00,000. These subscriptions include Rs. 60,000 for the year ending 31st March 2019 and Rs. 80,000 for the year ending 31st March 2021. On 31st March 2020, subscriptions due but not

Question : During the year ended 31st March 2020, subscriptions received were Rs. 31,00,000. These subscriptions include Rs. 60,000 for the year ending 31st March 2019 and Rs. 80,000 for the year ending 31st March 2021. On 31st March 2020, subscriptions due but not

Question : A, B and C are sharing profits in the ratio of 4:3:2. A dies on 31st December 2017. Accounts are closed on 31st March every year. Sales for the year ending 31st March 2017 amounted to Rs.4,00,000. Sales of Rs.3,30,000 amounted between the period from  1st April 2017 to