Question

From ti te of M/s Ram and Co., Patna, paupumug and Profit & Loss Account for the year ending 31st March, 2019 and also a Balance Sheet as on that date : Particulars Dr. Cr. (Amount) (Amount) ₹ Capital Alc 90.000 Drawings Alc - Land & Building 1 Plant and Machinery 6,500 26.000 14.000 1,500 Fumiture and Fixture Carriage 4.250 1 Wages 21,500 Salaries 4,700 - Bad Debt Reserve (1-4-2018) 1 2,500 Sales - 95.000 Return Inwards 1,800
Bank charges 1.500 1 Taxes 850 Discount 120 Purchase 40.000 B/R 1,500 37,800 Debtors Creditors I 12.250 Stock (1-4-2018) 25.000 Cash in hand 14,000 Bank Loan 1.030 2,00,900 2.00.900 Adjustments : (a) Closing stock (31-3-2019) 8.000 (b) Provide 10% depreciation on all fixed assets. (c) Increase the bad debt reserve to * 4.000. (d) Outstanding salaries * 300. (e) Prepaid taxes 50.​

Answer 1

option d outstanding salaries* 300 is the correct answer

Answer 2

option d) 300 is the correct answer