Hello Good Morning Everyone
What is the journal entry for recieved salary according to golden rules of accounting?
Thank you in advance Everyone
Dear Gagan, ye rule sabhi ke liye application hai, doesn't matter ki aap khud ke books me kar rahe ho company ke books me... If aap salaried person ho or apko khud ke liye account maintained karna hai then you can simply replace the ABC by your employer name
Salaries R nominal accounts and so debit all expenses and credit incomes
Naveen Fintech Pvt Ltd
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CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
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