Exercise - 2 | Q 4 | Page 114 Calculate the following: Salary ₹ 10,000, outstanding salary ₹ 5,000. Calculate the salary to be debited to Income and Expenditure Account.

Balbharati solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board Chapter 2 Accounts of ‘Not for Profit’ Concerns Exercise - 2 [Pages 113 - 114]

Exercise - 2 | Q 4 | Page 114

Calculate the following:

Salary ₹ 10,000, outstanding salary ₹ 5,000. Calculate the salary to be debited to  Income and Expenditure Account.

Solution: 

Income and expenditure Account

Particulars		Amount ₹	Amount ₹	Particulars	Amount ₹	Amount ₹
To Salary		10,000
Add: Outstanding Salary		5,000	15,000