Question

Salaries - Rs.5,000, outstanding salaries (previous year)-
Rs.1,000, outstanding salaries (current year)- Rs.3,000.
Therefore salary will be debited in Profit & loss A/c with
OPTIONS
a.
Rs.7,000
b.
Rs.3,000
C.
Rs. 1,000
d.
Rs. 9,000​

Answer 1

Answer:

D. Rs.9,000

Explanation:

Salaries - Rs.5,000.

Outstanding salaries (previous year) - Rs. 1,000.

Outstanding salaries (current year) - Rs. 3,000.

Salary will be debited in profit and loss A/c with

Rs. 9,000

( by adding all the salaries)

So, the final answer of the question is option D. Rs. 9,000.