Question

Journal entry of paid wages

Answer 1

Journal Entry For Paid Wages.

Wages is a nominal account and because this is an expense of Business, as such, Wages account will be debited according to the rule of “Debit all expenses”.Cash account will be credited, as cash is going out of the business.

So, the Journal Entry For the above mentioned transaction is :-

Wages A/c. Dr... (Amount)
To Cash A/c. (Amount)

(Being Wages paid).

Answer 2

Wages paid

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit   Credit

                   Wages                               A/c Dr.     xxx              

                      To Cash / Bank              A/c Dr.                   xxx

                   (Being wages paid from cash or bank)

Note: According to journal rule all expenses will be debit, and cash goes out from the business so, cash will be credit.

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