Net profit before following adjustment is Rs. 3,60,000
Outstanding salary is Rs. 20,000
Prepaid insurance is Rs. 26,000
After adjustment net profit is
A. Rs. 3,66,000
B. Rs. 3,80,000
C. Rs. 3,46,000
D. Rs. 3,86,000
Answer: Option A
This Question Belongs to Commerce >> Accounting
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