Question

Salary paid for the year ended 31st March, 2010 amounted to *75,000. How
much amount will be recorded in Income and Expenditure Account in the
following case?
31-3-2009 31-3-2010
Outstanding Salary
6,500
6,000
Prepaid Salary
1,200
1,000
(A) 75,700
(B) 74,300
(C) 75,300
(D) 74,700​

Answer 1

Answer:

74,700

Explanation:

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Answer 2

Answer:

Salary paid for the year ended 31st March, 2010 amounted to *75,000. How

much amount will be recorded in Income and Expenditure Account in the

following case?

31-3-2009 31-3-2010

Outstanding Salary

6,500

6,000

Prepaid Salary

1,200

1,000

(A) 75,700

(B) 74,300

(C) 75,300

(D) 74,700

Explanation:

D. 74,700