Question

Example 1 :- Paid 20,000 for Salaries. In this case the two accounts being
affected are Salaries A/c and Cash Alc. Salaries represent expenses and as such
Salaries Account will be debited according to the rule of Debit the expenses. On the
other hand, Cash Account will be Credited according to the rule of Credit what goes
out”. Entry will be :​

Answer 1

Answer:

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