Q. (i) Salaries as per Income and Expenditure Account Rs.1,500(ii) Salaries paid in advance in previous year Rs.700(iii) Salary outstanding at the end of current year Rs.300(iv) Salary outstanding at the end of previous year Rs.800From the above information given, the amount of salaries to be shown in Receipts and Payment Account can be valued at (Solved)
1. Rs.1,500
2. Rs.1,300
3. Rs.1,900
4. Rs.2,700
- b. Rs.1,300