Question

Journalise salary paid worth rs 5000

Answer 1

Explanation:

Rent A/c Dr. 500

Salary A/c Dr. 3,000

To Cash A/c 3,500

(Being the amount paid for rent and salary).

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Answer 2

Answer:

salaries A/c Dr

To cash/bank A/c

Explanation:

1.salaries are debited as per the golden rule

Debit- All expenses and losses

Credit- All incomes and gains

here we debit the salaries as it is an expense

2.cash/ bank is credited as per the golden rule

Debit- what comes in

Credit- what goes out

here cash is going out, thus cash/bank is credited.

the payment may either be by cash or cheque. thus cash / bank a/c is credited