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Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP


User GGO
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1 Answer

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13 votes

Answer:

Date Account Title Debit Credit

XX-XX-XX Salary and Wages expense Rs. 55,000

Cash Rs. 55,000

The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,

Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.

User Athapali
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