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Question 2-ABC employs a team of 9 employees who were paid Rs.30,000 per month each...

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Accounting

Question 2-ABC employs a team of 9 employees who were paid Rs.30,000 per month each in the year (ending 31st Dec'2018. At the start of 2019, the company raised salaries by 10% to Rs.33,000 per month each.
On 1st July, 2019 the company hired 2 trainees at salary of Rs.18,000 per month each. The work force is paid salary on the first working day of every month, one month in arrears, so that the employees receive their salary for January on the first working day of February, etc. Calculate the amount of salaries which would be charged to the profit and loss for the year ended 31st December, 2019.
A. Rs.37,17,000
B. Rs.32,67,000
C. Rs.35,64,000
D. Rs.37,80,000
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