Question No 2 Chapter No 2
2. From the following information, calculate salary expense for the year 2016-17 Salary Paid during 2016-17 was Rs 66,000. This included salary for the year 2015-16 Rs 9,000 and for the year 2017-18 Rs 7,000
The solution of Question No 2 Chapter No 2: –
| Particular |
Amount | |
| Salary paid during the year 2016-17 | 66,000 | |
| Less: salary paid for the previous year 2015-16 | 9,000 | |
| Less: Salary Paid for the next year 2017-18 | 7,000 | |
| 50,000 | ||
To understand more about Theory Base of Accounting please check out following links: –
Financial Accounting – Introduction and its Functions
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Also, Check out the solved question of all Chapters: –
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
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Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)