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Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be?
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Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balan...
From the information given, we can calculate the following:
Balance of outstanding salary at 31 March 2017: Rs. 25,000
Balance of outstanding salary at 31 March 2018: Rs. 10,000 (given)
Salary paid during the year: Rs. 3,00,000
To calculate the balance of the salary account transferred to P, we need to consider the following:
1. Opening balance of outstanding salary at the beginning of the year (1 April 2017): Rs. 25,000
2. Salary paid during the year: Rs. 3,00,000
3. Closing balance of outstanding salary at the end of the year (31 March 2018): Rs. 10,000
4. Prepaid salary on 1 April 2018: Rs. 10,000
Using these values, we can calculate the balance of the salary account transferred to P as follows:
Opening balance + Salary paid - Closing balance - Prepaid salary
= Rs. 25,000 + Rs. 3,00,000 - Rs. 10,000 - Rs. 10,000
= Rs. 3,05,000
Therefore, the balance of the salary account transferred to P is Rs. 3,05,000.
Balance of outstanding salary at 31 March 2017: Rs. 25,000
Balance of outstanding salary at 31 March 2018: Rs. 10,000 (given)
Salary paid during the year: Rs. 3,00,000
To calculate the balance of the salary account transferred to P, we need to consider the following:
1. Opening balance of outstanding salary at the beginning of the year (1 April 2017): Rs. 25,000
2. Salary paid during the year: Rs. 3,00,000
3. Closing balance of outstanding salary at the end of the year (31 March 2018): Rs. 10,000
4. Prepaid salary on 1 April 2018: Rs. 10,000
Using these values, we can calculate the balance of the salary account transferred to P as follows:
Opening balance + Salary paid - Closing balance - Prepaid salary
= Rs. 25,000 + Rs. 3,00,000 - Rs. 10,000 - Rs. 10,000
= Rs. 3,05,000
Therefore, the balance of the salary account transferred to P is Rs. 3,05,000.
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Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be?
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Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be? 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 Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be?.
Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be? 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 Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be?.
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Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be?, a detailed solution for Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be? has been provided alongside types of Balance of outstanding salary at 31 March 2017 is Rs. 25,000 and balance of outstanding Rs. 10,000: Salary paid during the year is Rs. 3,00,000. Pre paid salary on April 1, 2018 is Rs. 10,000. Balance of salary A/c transferred to P & L A/c will be? theory, EduRev gives you an
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