Question

paid salaries by cheque journal entry​

Answer 1

$\huge\mathbb\fcolorbox{purple}{lavenderblush}{✰Answer}$

Journal entry for paid salary by cheque

• According to the “Golden rules” of accounting. Salary A/c. Debit. Nominal account. Debit all expenses and losses. To Bank A/c. Credit. Personal account.
• According to the “Modern rules” of accounting. Salary A/c. Debit. Expense. Debit the increase in expenses. To Bank A/c. Credit. Asset.

#нσρє íт нєℓρѕ♡~

#мαяк αѕ вяαíηℓíѕт☘️