Question

.SALARY FOR THE CURRENT YEAR IS 60,000 PREPAID SALARY IN CURRENT YEAR IS 8,000 SALARY OUTSTANDING FOR CURRENT YEAR IS 12,000 WHAT IS THE SALARY PAID DURING THE CURRENT YEAR​

Answer 1

Solution:-

Here, we have to find the salary paid during the year. So, for that we have to deduct (substract) the outstanding salary of previous year if any and add the current year outstanding salary if any. And the prepaid salary is also deducted from current year's salary.

Then,

salary of current year- 60,000+

add:-salary o/s for

current year-12000

-------------

72000-

Less:-prepaid salary

of current year-8000

------------

64000

64000 for salary is to be paid in current year