remuneration of 20000 is paid to barua, a temporary employee, stands debited to his personal account and it is to be corrected
Answers
Answer:
wages a/c.........dr
to cash a/c
Explanation:
it is a expense for a company
Answer:
To correct the error of debiting a temporary employee's personal account for a remuneration payment of 20,000, a journal entry should be made debiting the correct expense account and crediting the incorrect personal account.
Explanation:
If a remuneration of 20000 has been incorrectly debited to the personal account of a temporary employee named Barua, the correction will depend on the accounting system in use.
Assuming that the company follows double-entry bookkeeping, the correction would require a journal entry to reverse the initial transaction. The correct journal entry to rectify this error would be:
Debit: Temporary Employee Remuneration Expenses 20,000
Credit: Barua's Personal Account 20,000
This journal entry debits the correct expense account and credits the incorrect account, reversing the initial transaction. It ensures that the correct account reflects the expenses incurred by the company for the temporary employee's remuneration.
It is important to note that proper documentation of the correction should be maintained for future reference and audit purposes.
Learn more about personal account: https://brainly.in/question/26722274
Learn more about double-entry bookkeeping: https://brainly.in/question/6847161
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