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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


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: Rs 1,56,000


Solution : Salary Paid during the year =                             1,69000
Add outstanding Salary at the end of the year   = 14000
                                                                              ______
                                                                             1,74000
less out standing Salary =                                       (1800)
at the seq. of the year
Income and Expenditure A/C =                           1,56,000

The answer is Rs 1,56,000
Hence, the correct option is 4.

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