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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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CUET 2025 English Language Mock 01

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