CBSE BOARD X, asked by mukilan22, 6 months ago

journal entry for paid office rent through ECS​

Answers

Answered by kjjio
0

Answer:

mark as brainliest..........

from which lesson

Answered by shresthakamala56
0

Answer:

Salaries a/c …dr. xxx

To cash/bank a/c xxx

(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

Explanation:

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