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.

Option 1: Rs. 1,53,000

Option 2: Rs. 1,67,000

Option 3: Rs. 1,47,000

Option 4: Rs. 1,50,000


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs. 1,53,000


Solution :

Particulars Amount
Salary paid in 2019-20 150000
Add: Unpaid salary on 31st March 2020 10000
Less: Outstanding salary on 31st March 2019 7000
Amount recorded in Income and Expenditure A/c 153000

Hence, the correct option is 1.

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