Question : From the following information, find out the actual amount of expenditure to be shown in Income and Expenditure A/c:

Expenses paid during the year 140,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year 24,000

Expenses prepaid at the end of the year 16,000

Expenses outstanding at the beginning of the year 18,000

Option 1: Rs 1,60,000

Option 2: Rs  1,42,000

Option 3: Rs 2,40,000

Option 4: Rs 40,000

Question : From the following information find out the actual amount of expenditure to be shown in the Assets side of the closing Balance Sheet:

Expenses paid during the year 1,40,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year 24,000

Expenses prepaid at the end of the year 16,000

Expenses outstanding at the beginning of the year 18,000

Option 1: Expenses paid during the year 1,40,000

Option 2: Expenses outstanding at the end of the year 30,000

Option 3: Expenses prepaid at the beginning of the year 24,000

Option 4: Expenses prepaid at the end of the year 16,000

Question : From the following information find out the actual amount of expenditure to be shown in the Assets side of the closing Balance Sheet:

Expenses paid during the year 1,40,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year 24,000

Expenses prepaid at the end of the year 16,000

Expenses outstanding at the beginning of the year 18,000

Option 1: Expenses paid during the year 1,40,000

Option 2: Expenses outstanding at the end of the year 30,000

Option 3: Expenses prepaid at the beginning of the year 24,000

Option 4: Expenses prepaid at the end of the year 16,000

Question : Given salary expenses Rs. 40,000, Outstanding in the beginning of the year: Rs. 5,000 and outstanding at the end of the year Rs. 10,000. Cash outflow on salary will be - 

Option 1: Rs. 45,000

Option 2: Rs. 35000

Option 3: Rs. 55,000

Option 4: Rs. 15,000

Question : The salary paid during the year was Rs 1,60,000. The salary outstanding at the end of the year was 14,000, and the salary outstanding at the beginning of the year was Rs 180,00.   Salary to be transferred to the debit side of the Income and expenditure account will  be 

Option 1: Rs 1,28,000

Option 2: Rs 1,92,000

Option 3: Rs 1,64,000

Option 4: Rs 1,56,000