Salary and wages
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2011
Dear Sir
I want know
what is the difference between
Salary & Wages A/c and
Wages & Salary A/c?
Sir please explain it.
I want know
what is the difference between
Salary & Wages A/c and
Wages & Salary A/c?
Sir please explain it.
31 January 2011
Both are same meaning only.generally Salary & wages can be treated as Indirect nature , Wages & salary can be treated as Direct expenses( in trading a/c)
31 January 2011
Supporting the view of CMA RK I would like to further add, that-
The first word in the name of a/c shows its own importance.
In Salary & Wages A/c Salary is having importance. Salary Expenses are there, wages expenses may or may not be.
Similar stand can be taken in the case of Wages & Salary A/c.
The first word in the name of a/c shows its own importance.
In Salary & Wages A/c Salary is having importance. Salary Expenses are there, wages expenses may or may not be.
Similar stand can be taken in the case of Wages & Salary A/c.
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