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»

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.



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