Question

find the odd one out rent salary wages general expenses​

Answer 1

Answer:

rent...................

Answer 2

Answer:

Wages

Wages is the odd one because wages is recorded in Debit side of trading account. And others are recorded in debit side of Profit and loss Account.

Wages is a direct expense. That's why it is recorded in trading account. and all others are included in general expenses.

Direct Expenses :

Direct expenses are the amount spend directly on the Purchase of goods. Eg : Carriage, octroi, clearing charges, power, gas, water , wages etc.

Trading Account :

Trading Account is an income statement prepared to ascertain the trading results of business is known as trading account.The profit arising out of trading alone is called Gross Profit.

The adjusted Entry for wages paid ;

• Trading ac Dr

To wages ac