Salary paid to Ramesh is Rs 20,000 per month. Salary is paid to him on 5th of next month for the services rendered by him during the previous month. What shall be the amount of outstanding salary as on 31st March 2018?

Rs. 40,000

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Rs. 3,500

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Rs. 20,000

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Rs. 10,000

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Solution

The correct option is C
Rs. 20,000

The amount of outstanding salary is the salary for the month of March i.e. Rs. 20,000.

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Salary paid to Ramesh is Rs 20,000 per month. Salary is paid to him on 5th of next month for the services rendered by him during the previous month. What shall be the amount of outstanding salary as on 31st March 2018?

The correct option is C Rs. 20,000 The amount of outstanding salary is the salary for the month of March i.e. Rs. 20,000.

The correct option is C
Rs. 20,000

The amount of outstanding salary is the salary for the month of March i.e. Rs. 20,000.