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Business paid to Mr. Anuj a cheque of Rs 80,000 as salary on 25th June, 2023. Mr. Anuj went to bank to deposit cheque in his account on 3rd July, 2023. What is the entry to be passed in the Balance Sheet on the date of Final A/c? 

(A) Bank A/c … Dr. To Outstanding Salary A/c 

(B) Salary A/c … Dr. To Outstanding Salary A/c 

(C) Salary A/c … Dr. To Anuj’s A/c 

(D) More than one of the above (E) None of the above

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1 Answer

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by (40.4k points)

Correct option is (B) Revenue Expenditure  

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