suppose total salaries paid is 10000, 1000 is outstanding. how & which am

suppose total salaries paid is 10000, 1000 is outstanding. how
& which amount will shown in receipts & payment, income &
expenditure and balance sheet accounts

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suppose total salaries paid is 10000, 1000 is outstanding. how & which amount will shown in r..

Answer / giri

Debit Rs.10000 and credit Rs.1000 to P&L a/c and in balance
sheet laibilities side Rs.1000 to be shown as unpaid
salaries.

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7 Yes

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suppose total salaries paid is 10000, 1000 is outstanding. how & which amount will shown in r..

Answer / karthik

receipts and payments = 10000
income and expenditure = 11000
balance sheet = o/s salaries 1000(liability)

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0 No

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