Question

pass journal entries for the following transaction of X for the month of March 2014
Remuneration paid to the manager by cheque



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Answer 1

Answer:

manager A/c Dr

to bank A/c

Explanation:

earlier we have to pay money to our manager so he was our creditor but since now we have paid him through cheque then he will not be our creditor.

in short

creditor have cr balance

so we will Dr him to remove