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Salary and wages

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Querist : Anonymous

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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.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
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)
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
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.


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