Question : Mahadev's club paid a salary for the year ended 31st March 2020 amounted to Rs. 1,00,000. How much amount will be recorded in the 'Income and Expenditure Account' if the unpaid salary was Rs. 5,000 and the salary paid in advance was Rs. 2000 on 31st March 2020.
Option 1: Rs. 1,07,000
Option 2: Rs. 1,03,000
Option 3: Rs. 93,000
Option 4: 95,000
Correct Answer: Rs. 1,03,000
Solution :
Hence, the correct option is 2.
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. 21,00,000. These subscriptions include Rs. 30,000 for the year ended 31st March, 2019 and Rs. 40,000 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
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