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.
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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Work through every CUET UG Financial Statements PYQ, year by year.