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.800
From the above information given, the amount of salaries to be shown in Receipts and Payment Account can be valued at

A. Rs.1,500
B. Rs.1,300
C. Rs.1,900
D. Rs.2,700
Answer» B. Rs.1,300
1.7k
0
Do you find this helpful?
4

View all MCQs in

Financial Accounting

Discussion

No comments yet

Related MCQs