Ram has been working as a cashier in Reliance industry for the financial year 2019-20 and amount of 10 months’ salary Rs 2,00,000 credited in his account then 2 months’ salary of Rs 40,000 is shown in Reliance Industry by the name of. ------

Dear Student,
Here is your answer,

The amount of 40000 will be shown as Salary Outstanding in the liability side of the balance sheet of Reliance Ltd.
And also, amount of 240000 ( 200000 + 40000) will be debited to P & L Account.


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