Saved Bookmarks
| 1. |
Salaries - Rs.5,000, outstanding salaries (previous year)-Rs.1,000, outstanding salaries (current year)- Rs.3,000.Therefore salary will be debited in Profit & loss A/c withOPTIONSa.Rs.7,000b.Rs.3,000C.Rs. 1,000d.Rs. 9,000 |
|
Answer» D. Rs.9,000 Explanation: Salaries - Rs.5,000. Outstanding salaries (PREVIOUS year) - Rs. 1,000. Outstanding salaries (current year) - Rs. 3,000. Salary will be debited in profit and loss A/c with Rs. 9,000 ( by ADDING all the salaries) So, the FINAL answer of the question is option D. Rs. 9,000. |
|