1.

In the year ended 31st March, 2019, salaries paid amounted to ₹ 2,04,000. Ascertain the amount chargeable to the Income and Expenditure Account for the year ended 31st March, 2019 from the following additional information: ₹ Prepaid Salaries on 31st March, 2018 24,000 Prepaid Salaries on 31st March, 2019 12,000 Outstanding Salaries on 31st March, 2018 18,000 Outstanding Salaries on 31st March, 2019 15,000

Answer» In the year ended 31st March, 2019, salaries paid amounted to ₹ 2,04,000. Ascertain the amount chargeable to the Income and Expenditure Account for the year ended 31st March, 2019 from the following additional information:

























Prepaid Salaries on 31st March, 2018 24,000
Prepaid Salaries on 31st March, 2019 12,000
Outstanding Salaries on 31st March, 2018 18,000
Outstanding Salaries on 31st March, 2019 15,000


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