From the following receipts and payments account of Sonic club and from the given additional information , prepare the expenditure on account of salaries for the year ending 31st December, 2013 and show the salaries items in the income and expenditure account and the balance sheet as on 31st December,2012 and 31st December,2013.

From the following receipts and payments account of Sonic club and from the given additional information , prepare the expenditure on account of salaries for the year ending 31st December, 2013 and show the salaries items in the income and expenditure account and the balance sheet as on 31st December,2012 and 31st December,2013. Sample Question Papers An Extract of Receipts and payments Account for the year ending 31st December, 2013 Amount (e ) Additional Information; (i) Salaries outstanding On 31.12.2012 (ii) Salaries outstanding on 31.122013 (iii) Salaries paid in advance on 31.12.2012 Payment By Salaries 2012 2013 2014 161 Amount (t) 20,000 18,000 25,000 45,000 10,000 6 Krishna and Suresh were partners in a firm sharing profits in the ratio of 3:1. On 1st April, 2013, they admitted Rahul asa new partner for 1/5 share in profits of the firm. On the date of Rahul's admission.