Accountancy, asked by umairhusaini2168, 1 year ago

Paid salary rupees 500 and salary outstanding being hundred

sujiritha95: do u need journal entry

Answers

Answered by XDPrEm

1

Explanation:

accounting equation

1)Paid salary Rs.5

decrease in cash by 500 and decrease incapital by 500

2-salary outstanding being Rs.100

decrease in capital by 100 and increase iliability by 100.

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