Salary debited to income and expenditure account for the year was Rs. 48000. Outstanding salary paid in the beginning of the year and the outstanding salary at the end of the year were Rs. 6000 and Rs. 7500 respectively. The amount of salary to be shown in receipts and payments account will be: Rs. 45500 Rs. 54500 Rs. 49500 Rs. 46500

Salary debited to income and expenditure account for the year was Rs. 48000. Outstanding salary paid in the beginning of the year and the outstanding salary at the end of the year were Rs. 6000 and Rs. 7500 respectively. The amount of salary to be shown in receipts and payments account will be: Rs. 45500 Rs. 54500 Rs. 49500 Rs. 46500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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