Homework Answers
Ans.
Cash paid during the year = Opening balance + Expense during the year - Closing balance
= $1,500 + $112,400 - $5,000
= $108,900
So the correct option is Option "B" i.e. $108,900.
Salary and wages payble account
|
Particulars |
Amount($) |
Particulars |
Amount($) |
|
To Balance b/d To Salary and wages |
1500 112,400 |
By Cash (Bal. Fig) By Balance c/d |
108,900 5,000 |
|
113,900 |
113,900 |
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