Question

salary is debit or credit in trial balance?​

Answer 1

Answer:

Salary is Debit in trial balance.

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Answer 2

Answer:

Salary is debited in the trial balance.

Explanation:

• According to the golden rule of accounting:

"Debit All Expenses And Losses, Credit All Incomes And Gains"

• Nominal account rules say all expenses and losses will be debited and all incomes and gains will be credited.
• So salary appearing in the trial balance always be debited because it is an expense and outflow of cash.
• Examples of nominal accounts are:

CREDIT ITEMS:

1. salary received
2. commission received
3. rent received
4. dividend received
5. discount received

DEBIT ITEMS:

1. rent paid
2. salary paid
3. commission paid
4. brokerage paid
5. expenses paid
6. wages paid
7. IT paid
8. drawings

Thus, salary will always be debited because of the nominal account rule, i.e. "Debit All Expenses And Losses, Credit All Incomes And Gains"

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