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| Q.64 | The salary debited to the Income and Expenditure account for the year was Rs. 58,000. The outstanding salary paid at the beginning of the year and the outstanding salary at the end of the year were Rs. 6,000 and Rs. 7,500, respectively. The amount of salary to be shown in the Receipts and Payments account will be _______. | |
| Ans | A. Rs. 64,000 | |
| B. Rs. 56,500 | ||
| C. Rs. 59,500 | ||
| D. Rs. 58,000 |
Correct Ans Provided: B
