Question

year ending 31st March, 2015 and show the salaries ile
Expenditure Account and the Balance Sheet as at 31st March, 2014 and 31st March,
2015
AN EXTRACT OF RECEIPTS AND PAYMENTS ACCOUNT
for the rear ending 31st March, 2015
Receipts
Payments
By Salaries
2013-14
20.000
2014-15
2.80,000
2015-16
18.000​

Answer 1

Answer:

Balance Sheet

as on 31st mar.2014

liabilities. amt. assets amt.

outstanding

salaries. 20000

Income and expenditure account

for the year ended 31st mar. 2015

expenditure. amt. income. amt.

salaries 280000

Balance Sheet

as in 31st mar. 2015

liabilities. amt. assets. amt.

salary paid

in advance. 18000