Calculate the total amount of salary paid in cash in 2008, from the following Income and Expenditure Account extract, to be included in Receipts and payments Account for the year ending Dec 31, 2008.
|
Rs |
|
|
Salary paid as per Income and Expenditure A/c for 2008 |
95,000 |
|
Outstanding Salary on Dec 31, 2008 |
15,000 |
|
Advance Salaries paid in 2007 |
7,500 |
|
Outstanding Salary on Jan 1, 2008 |
9,000 |
|
Advance Salary paid in 2008 |
16,500 |