Salary of Rs .99000 paid for 9 months in year . calculated outstanding salary
Answers
o/s salary for 3months is 33,000
The remaining pay would therefore be (Rs. 99,000 - Rs. 74,250) = Rs. 24,750.
As per the question given,
Outstanding wages are those that are expected but have yet to be paid. For example, if a PQRS employee has worked for six months and has yet to be paid, the salaries are owed, overdue, or payable.
To calculate the outstanding salary, you need to know the total salary that was originally agreed upon for the full year. If an employee was promised a salary of Rs. 99,000 per year, then the total amount of salary for 9 months would be (Rs. 99,000 / 12) * 9 = Rs. 74,250.
The outstanding salary would then be calculated as (Rs. 99,000 - Rs. 74,250) = Rs. 24,750.
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