Question

salaries paid would be charged to which account - trading A/c or profit and loss A/c​

Answer 1

Answer:

Salary is an expense hence it is charged to Profit and loss account.

Answer 2

The answer is explained below. Hope this will help you.

Explanation:

Salaries term is generally related the payment made to administration department of a business.

Wages term is generally related to the payment made to workers which are engaged in the production for the company.

So there is different as per accounts in both the terms.

Salary is charged to profit and loss account and not to the trading account. It is because trading account takes into consideration only the income and expenses related to trading or manufacturing whereas the profit and loss takes into account other income and expenses of the business.