# Question 23 Chapter 1 of Class 12 Part – 1 VK Publication

Question 23 Chapter 1 of Class 12 Part - 1 VK Publication

Question 23 Chapter 1 of Class 12 Part – 1

23. Salaries actually paid during the year, ending 31st March, 2018 amounted to Rs. 12,650
Calculate the amount of Salaries to be debited to Income and Expenditure Account with the
Help of following information about prepaid and outstanding salaries:

 Particulars Rs. Prepaid Salaries on 31st March, 2017 1,500 Salaries Outstanding on 31st March, 2017 2,300 Salaries Outstanding on 31st March, 2018 2,500 Prepaid Salaries on 31st March, 2018 1,400

## The solution of Question 23 Chapter 1 of Class 12 Part – 1: –

Statement Showing Calculation of Subscriptions

 Particulars Rs. Salaries paid in Cash during the year 12,650 Add: Prepaid on 31st March, 2017 (in the beginning of the year) 1,500 Add: Outstanding salaries on 31s! March, 2018 (at the end of the year) 2,500 Less: Prepaid on 31st March, 2018 (at the end of the year) (1,400) Less: Outstanding salaries on 31st March, 2017 (in the beginning of the year) (2,300) Salaries debited to Income and Expenditure Account 12,950

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Also, Check out the solved question of all Chapters: –

## Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

## Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Chapter No. 1 – Financial Statements of a Company

Chapter No. 2 – Financial Statement Analysis

Chapter No. 3 –  Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 4 – Ratio Analysis

Chapter No. 5 – Cash Flow Statement