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Calculate amount of Salary debited to profit and loss A/c for the year ending 31.03.2013 Salary outstanding as on 31.03.2012 Rs. 25,000 Salary outstanding as on 31.03.2013 Rs. 10,000 Prepaid Salary on 31.03.2012 Rs. 10,000 Salary paid in cash during the year Rs. 3,00,000
  • a)
    Rs. 3,00,000
  • b)
    Rs. 2,95,000
  • c)
    Rs. 3,05,000
  • d)
    Rs. 3,10,000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Calculate amount of Salary debited to profit and loss A/c for the year...
Salary paid in cash during the year = 300000
Less : Opening Outstanding = (25000)
Add : Closing Outstanding = +10000
Add : Opening Advance = +10000

295000
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Calculate amount of Salary debited to profit and loss A/c for the year ending 31.03.2013Salary outstanding as on 31.03.2012 Rs. 25,000Salary outstanding as on 31.03.2013 Rs. 10,000Prepaid Salary on 31.03.2012 Rs. 10,000Salary paid in cash during the year Rs. 3,00,000a)Rs. 3,00,000b)Rs. 2,95,000c)Rs. 3,05,000d)Rs. 3,10,000Correct answer is option 'B'. Can you explain this answer?
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Calculate amount of Salary debited to profit and loss A/c for the year ending 31.03.2013Salary outstanding as on 31.03.2012 Rs. 25,000Salary outstanding as on 31.03.2013 Rs. 10,000Prepaid Salary on 31.03.2012 Rs. 10,000Salary paid in cash during the year Rs. 3,00,000a)Rs. 3,00,000b)Rs. 2,95,000c)Rs. 3,05,000d)Rs. 3,10,000Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Calculate amount of Salary debited to profit and loss A/c for the year ending 31.03.2013Salary outstanding as on 31.03.2012 Rs. 25,000Salary outstanding as on 31.03.2013 Rs. 10,000Prepaid Salary on 31.03.2012 Rs. 10,000Salary paid in cash during the year Rs. 3,00,000a)Rs. 3,00,000b)Rs. 2,95,000c)Rs. 3,05,000d)Rs. 3,10,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate amount of Salary debited to profit and loss A/c for the year ending 31.03.2013Salary outstanding as on 31.03.2012 Rs. 25,000Salary outstanding as on 31.03.2013 Rs. 10,000Prepaid Salary on 31.03.2012 Rs. 10,000Salary paid in cash during the year Rs. 3,00,000a)Rs. 3,00,000b)Rs. 2,95,000c)Rs. 3,05,000d)Rs. 3,10,000Correct answer is option 'B'. Can you explain this answer?.
Solutions for Calculate amount of Salary debited to profit and loss A/c for the year ending 31.03.2013Salary outstanding as on 31.03.2012 Rs. 25,000Salary outstanding as on 31.03.2013 Rs. 10,000Prepaid Salary on 31.03.2012 Rs. 10,000Salary paid in cash during the year Rs. 3,00,000a)Rs. 3,00,000b)Rs. 2,95,000c)Rs. 3,05,000d)Rs. 3,10,000Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
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