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

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Question ajoutée par Utilisateur supprimé
Date de publication: 2013/06/23
Abdul Rahim Said Rahim
par Abdul Rahim Said Rahim , Senior Executive - Business Development , Al Ruwais Plastic Products Trading LLC

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

Zulfikar Parkar
par Zulfikar Parkar , Sr. HR Administrator , MICCO (Al Mazroui International Cargo Company WLL)

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.

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