Question

PAID WAGES IN CASH AND STILL TO BE PAID

Answer 1

Answer:

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. (Being Wages paid).

Answer 2

Answer:

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. (Being Wages paid).