Salary paid during is Rs.10000 which is for 10 month. Calculate the amount of Salary Outstanding during the year. *
Answers
Answer:
Amt of salary o/s during the year is 2,000
Explanation:
Salary paid during the year = 10,000 for 10 month
for each month salary = 10,000/10 = 1,000
2 month salary is outstanding = 2 × 1,000 = 2,000
salary a/c dr 2,000
to o/s salary a/c 2,000
Given:
Salary paid during the year=Rs.10,000 for 10 months
To find:
The amount of salary outstanding during the year
Solution:
The amount of salary outstanding during the year is Rs. 2,000.
We can find the amount by following the given steps-
We know that the salary is paid for 12 months of the year.
The salary paid=Rs.10,000
We are given that the salary is paid for 10 months of the year.
We will calculate the monthly salary to obtain the outstanding.
Monthly salary=Salary paid/number of months for which it is paid
=10,000/10
=Rs.1,000
Since the salary has been paid for the 10 months, the salary of 2 months is outstanding.
Outstanding salary=monthly salary×2
=1,000×2
=Rs.2,000
Therefore, the amount of salary outstanding during the year is Rs. 2,000.