Salary and wages is debited to:

Related MCQs

• Wages and salary is debited to:
• A sale of goods to Laxman for cash should be debited to
• An entry of 1,560 has been debited to a Debtor’s Personal Account at 1,650. It is an error of
• Select correct journal entry to rectify an error “An amount of 10,000, withdrawn by owner for personal use debited to Trade Expenses Account”. Debit Credit
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• Carriage inward is debited to :
• Carriage outward is debited to ………………………………..
• In a joint venture X and Y sharing p rofit and loss equally, X purchased goods costing of 40,000 and Y sold the goods for 50,000. X is entitled to get 1% commission on purchase and Y is entitled to get 5% commission on sales, the profit will be
• Income and Expenditure account shows subscription at 2,50,000. Subscriptions accrued in the beginning of the year and at the end of the year were 25,000 and 37,500 respectively. The amount of subscriptions received appearing in re ceipts and payments account will be
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