Salary expense for the period = Salaries paid (Rs.5,00,000) + Outstanding salary (Rs.30,000) = Rs.5,30,000, to be debited to the Income and Expenditure Account.
CUET UG 2023 — Accountancy Financial Statements
The total expenses on account of salary to be debited to Income and Expenditure A/c for the year 2016-17 was:
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Rs.5,80,000
Rs.5,30,000
Rs.4,70,000
Rs.4,80,000
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Profit before interest and tax-
Match List-I with List-II | List-I | List-II | |---|---| | (A) SHAREHOLDERS FUND | (I) Non-current investments | | (B) CURRENT LIABILITIES | (II) Reserves and Surplus | | (C) CURRENT ASSET | (III) Trade Payables | | (D) FIXED ASSET | (IV) Inventories | Choose the correct answer from the options given below:
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Work through every CUET UG Financial Statements PYQ, year by year.