employed an experienced cashier, for 12,000 journal entry
Answers
Explanation:
Salaries a/c …dr. x x x x
To cash/bank a/c x x x x
(Being salaries paid )
By following the rules of nominal account under double entry system we have to solve it…
There is no need to specify manager because as per the rules of double entry system when there is an involvement of all 3 types of accounts it is enough to mention only nominal account and real account…no need to specify personal account
As per the given entry
Salaries comes under nominal account so we debited salaries a/c because all expenses and losses are debited as per nominal account
Cash/bank is credited as per the rules of real account.. being cash is going out side the organisation..
Manager refers to personal account…so we have to ignore it
Answer:
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Explanation:
employed an experienced cashier, for 12,000 journal entry