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    Select the amount of salary to be shown in Income and Expenditure Account at the end of current accounting year of a Not -for-Profit Organisation. Sal
    Question

    Select the amount of salary to be shown in Income and Expenditure Account at the end of current accounting year of a Not -for-Profit Organisation. Salary paid during the current accounting year is ₹26,000, which includes two months salary of previous year and one month salary of current year’ is still outstanding.

    A.

    ₹20,000

    B.

    ₹22,000

    C.

    ₹24,000

    D.

    ₹26,000

    Correct option is C

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