QUESTION:
WAGES PAYABLE RS. 1000 TO LABOUR.
PASS THE JOURNAL ENTRY. I WILL POST THE ISSUE ON THAT
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What is the answer
Replies (35)
wages payable. to wages a/c
Wages A/c Dr. To wages payable A/c
Wages A/C Dr.
To Wages Payable A/C
wages a/c Dr to
Wages Payable A/C
Wages a/c. Dr. ( expense) To
Wages payable a/c. (Liability)
Wages a/c Dr. 10000
To wages payble a/c 10000
Wages A/c Dr. To Wages Payable A/c
Wages A/c Dr.
Wages Payable A/c Cr.,
Then
Wages Payable A/c Dr.
Cash/Bank
Wages A/c Dr. 1,000
To Outstanding Wages A/c 1,000
wages a/c ...................Dr
To Wages Payable a/c........Cr
then
Wages Payable a/c.........Dr
To Cash/Bank a/c
Wages a/c Dr To wages payable a/c
Wages A/C Dr.
To Wages Payable A/C
Wages a/c debit 10000
To wages payable ....1000
Wages
To wages payable A/c
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