Question

paid salary to rishabh
journal entries

Answer 1

Salary A/c. Dr
To
Rishabh A/c
(Being Salary paid to rishabh)

Answer 2

Salaries a/c…Dr

To rishab a/c

(being salary paid)

Explanation:

Here in this given question we are paying salary to Rishabh an employee in the company. This is a very simple transaction which can be posted by using the golden rule of accounting.

Fear salaries an indirect expense to a company since salary is an expense and also a nominal account we will debit salaries. Since Rishabh is the receiver of salary we will get him. We can also post cash instantly sharp as cash decreasing so therefore we can credit that.

Learn more on journal entry

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Journal entry of  opened a current account in bank of baroda by depositing Rs 75000.

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