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Salary paid in cash during the current year was Rs.30,000; Outstanding salary at the end of
previous year was Rs.2,000 and outstanding salary at the end of current year was Rs.3,000.
Salary paid in advance during current year for next year was Rs.2,600. The amount debited to
8 AD
Income and Expenditure Account will be:
(a) Rs.33,600 (b) Rs.26,400 (c) Rs.31,600 (d) Rs.28,400
Ans. (d)
st
Salary paid for the year ended 31 March, 2010 amounted to Rs.75,000. How much amount will
be recorded in Income and Expenditure Account in the following case ?
31-3-2009 31-3-2010
9 Outstanding Salary 6,500 6,000 AH
Prepaid Salary 1,200 1,000
(a) Rs.75,700 (b) Rs.74,300 (c) Rs.75,300 (d) Rs.74,700
Ans. (d)
How much amount will be show in Income and Expenditure Account in the following case ?
1-4-2009 31-3-2010
Creditors for Stationary 8,000 6,000
10 Stock of Stationary 3,000 3,200 UE
During 2009-10 payment made for stationary was Rs.60,000.
(a) Rs.57,800 (b) Rs.62,200 (c) Rs.61,800 (d) Rs.58,200
Ans. (a)