Question

wages paid account ​

Answer 1

Answer:

Wages payable is a current liability account that records the amount of wagesthat are owed to employees for work that was performed by the employees in prior periods. In other words, wages payable is the amount of wages that employee hasn't paid the employees for their work.

Answer 2

Wages is a nominal account and because this is an expense of Business, as such, Wages account will be debited according to the rule of “Debit all expenses”.Cash account will be credited, as cash is going out of the business.

So, the Journal Entry For the above mentioned transaction is :-

Wages A/c. Dr... (Amount)

To Cash A/c. (Amount)