What should be credited, if salary is paid to Mr. A?
A) Salaries account B) Mr. A account C) Cash account D) Drawings account

Question

Abdul Rahim Said Rahim · Answer

Salary paid to Mr.
A is recorded as Salary Account Dr.
and Cash Account Credit.
so the answer is C) Cash Account.

Zulfikar Parkar · Answer

Ya thats right ...

Salary is an expense from the point of view of the Company Hence, it is debited What goes out is to credited is the rule of real account. So The cash Account is Credited.

Products By Bayt.com

Use Our Mobile App

Start networking and exchanging professional insights

What should be credited, if salary is paid to Mr. A? A) Salaries account B) Mr. A account C) Cash account D) Drawings account

Popular Searches

More Questions Like This