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:
CUET UG 2023 — Accountancy Financial Statements
2023mcqeasy
The total expenses on account of salary to be debited to Income and Expenditure A/c for the year 2016-17 was:
Official previous-year question
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Options
- A
Rs.5,80,000
- B
Rs.5,30,000
- C
Rs.4,70,000
- D
Rs.4,80,000
Did you get this right?
Sign in to track your attempts and accuracy.
Your note
Sign in to keep a private note on this question. Nothing you write is ever public.
CUET UG Financial Statements in other years
More CUET UG Financial Statements questions
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:
2025easy
Arrange different items of Balance Sheet as per revised Schedule III to the Companies Act, 2013- (A) Shareholder's Funds (B) Non-Current Assets (C) Current Liabilities (D) Share Application money pending allotment (E) Current Assets Choose the correct answer from the options given below:
2025medium
Auditor issues Annual report of company refering to___.
2025easy
Profit after tax and interest is Rs 1,60,000. Tax rate is 20% 10% long term borrowing is Rs 20,00,000 Find profit before tax and after interest
2025easy
'Vertical analysis' is also known as: (A) Ratio Analysis (B) Cash Flow Analysis (C) Comparative Statement Analysis (D) Common Size Statement Analysis Choose the correct answer from the options given below:
2025easy
Other Accountancy topics for CUET UG
Keep practicing Financial Statements
Work through every CUET UG Financial Statements PYQ, year by year.