Which of the following is the correct treatment for the adjustment of unpaid salaries as on 31 March 2021?
1
Debit Outstanding salaries A/c, credit Salaries A/c and show as Current assets in the balance sheet.
2
Debit Salaries A/c, credit Outstanding salaries A/c and show as Current liabilities in the balance sheet.
3
Debit Outstanding salaries A/c, credit Salaries A/c and show as Current liabilities in the balance sheet.
4
Debit Salaries A/c, credit Outstanding salaries A/c and show as Current assets in the balance sheet.
5
None of These