Question : The salary paid during the year was Rs 1,60,000. The salary outstanding at the end of the year was 14,000, and the salary outstanding at the beginning of the year was Rs 180,00. Salary to be transferred to the debit side of the Income and expenditure account will be
Option 1: Rs 1,28,000
Option 2: Rs 1,92,000
Option 3: Rs 1,64,000
Option 4: Rs 1,56,000
Correct Answer: Rs 1,56,000
Solution : Salary Paid during the year = 1,69000 Add outstanding Salary at the end of the year = 14000 ______ 1,74000 less out standing Salary = (1800) at the seq. of the year Income and Expenditure A/C = 1,56,000
The answer is Rs 1,56,000 Hence, the correct option is 4.
Question : The salary paid during the year was Rs 1,60,000. The salary outstanding at the end of the year was 14,000, and the salary outstanding at the beginning of the year was Rs 180,00. Salary to be transferred to the debit side of the Income and expenditure account
Question : Amount debited to Income and expenditure account as salary Rs 1,42,000. Outstanding salary at the end of the previous year was Rs 20,000 and outstanding salary at the end of current year was Rs 25,000. Salary paid in advance during current year for
Question : From the following information, find out the actual amount of expenditure to be shown in Income and Expenditure A/c:
Expenses paid during the year 140,000
Expenses outstanding at the end of the year 30,000
Expenses prepaid at the beginning of the year
Question : Given salary expenses Rs. 40,000, Outstanding in the beginning of the year: Rs. 5,000 and outstanding at the end of the year Rs. 10,000. Cash outflow on salary will be -
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