Find out the amount of salaries to be debited to income and expenditure account for 1999
from the details given below:
Rs.
Payment made for salaries during 1999 48,000
Outstanding salary as on 31-12-1998 2,000
Outstanding salary as on 31-12-1999 3,200
Prepaid salary as on 31-12-1998 1,200
Prepaid salary as on 31-12-1999 1,600
Answers
Answered by
16
Answer:
48800
Explanation:
Salary during the year -. 48,000
Less. Outstanding in beginning. (2000)
Less. Advance/prepaid at end . (1600)
Add. outstanding at end . 3200
Add. Advance/prepaid in beginning. 1200
48,800
Answered by
2
Answer:
Explanation:
Find out the amount of salaries to be debited to income and expenditure a/c for 1999
from the details given below:
Payment made for Salaries during 1999 Rs. 48,000
Outstanding salary as on 31.12.1998 Rs.2,000
Outstanding salary as on 31.12.1999 Rs.3,200
Prepaid salary as on 31.12.1998 Rs.1,200
Prepaid salary as on 31.12.1999 Rs.1,600
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