Question

salary paid ₹15000. what type of transaction is it ?
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Ans:cash transaction of assets ​

Answer 1

Answer:

$\huge \color{black} \boxed{ \colorbox{yellow}{Aɴsᴡᴇʀシ︎}}$

salay a/c dr (nominal a/c)

To salaryoutstanding a/c (represntative personal a/c)

as, salary is expense (dr all expenses & and loses)

and at cr side of jounal entry salary outstanding account

Read concentratedly from here

salary o/s to a group of people . and these people we cant name each one & so represent by an o/s a/c.

you may get a doubt that

here “ CR THE GIVER “ is not working

but, actually it is working

how?

company needs to pay you the salary in cash or bank form . but it didnt paid .so, your money is with the company. so, it means you gave money to the company (company is having your money). you are the giver.

Answer 2

salay a/c dr (nominal a/c)

To salaryoutstanding a/c (represntative personal a/c)

as, salary is expense (dr all expenses & and loses)

and at cr side of jounal entry salary outstanding account

Read concentratedly from here

salary o/s to a group of people . and these people we cant name each one & so represent by an o/s a/c.

you may get a doubt that

here “ CR THE GIVER “ is not working

but, actually it is working

how?

company needs to pay you the salary in cash or bank form . but it didnt paid .so, your money is with the company. so, it means you gave money to the company (company is having your money). you are the giver.