FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During 2009-10 the salaries paid amounted to $ 21,200. Calculate the amount chargeable to Income and Expenditure Account for the year ending on 31st March,

During 2009-10 the salaries paid amounted to $ 21,200. Calculate the amount chargeable to Income and Expenditure Account for the year ending on 31st March, 2010 from the following additional information: $ Prepaid Salaries on 31st March, 2009 2,500 Prepaid Salaries on 31st March, 2010 800 Outstanding Salaries on 31st March, 2009 1,000 Outstanding Salaries on 31st March, 2010 950

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information For Decision Making Process

Accounting Information For Decision Making Process

Authors: Karl Matron

1st Edition

B07DZQJMZ2

More Books

Students also viewed these Accounting questions

Question

★★★★★
Regarding the statute of limitations on additional assessments of tax by the IRS, determine the applicable period in each of the following situations. Assume a calendar year individual with no fraud...

Answered: 1 week ago

Question

★★★★★
3b. Assume that you had speculated the day of DC1 by selling call options that specify 1 million units of the foreign currency. If calls are expiring, the counter-party on your contract exercised the...

Answered: 1 week ago

Question

★★★★★
What are the problems, and who owns them based on the window on behavior?

Answered: 1 week ago

Question

★★★★★
On December 31, 2010, Excello Electric Company had $1 million of short-term notes payable due February 7, 2011. Excello expected to refinance these notes on a long-term basis. On January 15, 2011 the...

Answered: 1 week ago

Question

★★★★★
During 2009-10 the salaries paid amounted to $ 21,200. Calculate the amount chargeable to Income and Expenditure Account for the year ending on 31st March, 2010 from the following additional...

Answered: 1 week ago

Question

★★★★★
Problem 3-15 (Algo) Journal Entries; T-Accounts; Financial Statements [LO3-1, LO3-2, LO3-3, LO3-4] Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy...

Answered: 1 week ago

Question

★★★★★
Question: What is the behavior of the final keyword when applied to a method in Java? A) It prevents the method from being inherited by subclasses. B) It prevents the method from being overridden by...

Answered: 1 week ago

Question

★★★★★
Question: Which of the following statements about Java interfaces is TRUE? A ) An interface can contain method implementations directly. B ) An interface can extend multiple other interfaces. C ) A...

Answered: 1 week ago

Question

★★★★★
Question: Which of the following statements about Java's final keyword is TRUE? A ) A final class cannot have any subclasses. B ) A final method cannot be overridden. C ) A final variable must be...

Answered: 1 week ago

Question

★★★★★
Question: Which of the following statements about Java's exception handling mechanism is TRUE? A ) Checked exceptions are checked at compile-time, while unchecked exceptions are checked at runtime. B...

Answered: 1 week ago

Question

★★★★★
Question: Which of the following statements about Java's access modifiers is TRUE? A ) The default access modifier allows access only within the same package. B ) The protected access modifier allows...

Answered: 1 week ago

Question

★★★★★
3. Go to www.skillsoft.com, the Web site for Skillsoft, a company that specializes in providing e-learning solutions. Move the cursor over Info Center, then over Demos. Click on Business Skills...

Answered: 1 week ago

Question

★★★★★
6. Go to www.capellauniversity.edu, the Web site for Capella Universitya university that offers online courses. Click on Online Learning on the left side of the page. View the short course demo and...

Answered: 1 week ago

Question

★★★★★
4. Go to www.mzinga.com. Mzinga provides software solutions for learning. Click on Technology. Then click on Mzinga Social Learning Suite. What learning solutions are provided by the Social Learning...

Answered: 1 week ago

Previous Question Next Question