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From the following information, show the salaries item in the Income and Expenditure Account for the year ending 31st March, 2015 and in the Balance Sheet as at 31st March, 2014 and 31st March, 2015 : An Extract of Receipts and Payments Account for the year ending 31st March, 2015 ReceiptsRs PaymentsRs Salaries 2,00,000 Additional Information Rs (i) Salaries Outstanding on 31st March, 2014 18,000 (ii) Salaries Outstanding on 31st March, 2015 24,000 (iii) Salaries paid in advance on 31st March 2014 10,000 (iv) Salaries paid in advance on 31st March, 2015 15,000 |
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Answer» From the following information, show the salaries item in the Income and Expenditure Account for the year ending 31st March, 2015 and in the Balance Sheet as at 31st March, 2014 and 31st March, 2015 : An Extract of Receipts and Payments Account for the year ending 31st March, 2015 Additional Information Rs (i) Salaries Outstanding on 31st March, 2014 18,000 (ii) Salaries Outstanding on 31st March, 2015 24,000 (iii) Salaries paid in advance on 31st March 2014 10,000 (iv) Salaries paid in advance on 31st March, 2015 15,000 |
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