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

Answer Posted / 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.

Is This Answer Correct ?    7 Yes 1 No



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