Question

wages Rs 2000 is prepaid
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Answer 1

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Debit & Credit rule is:

• Debit the expense and loss
• Credit the income and gain

As per that, the entry will be as follows:

We know that wages / salary is an expense hence it will be debit and as it is paid in cash , cash will be credit.

Hence, the entry is:-

Wage a/c. Dr. 2000

To cash. a/c 2000

( being wages paid ₹2000/-)

(Refer to the attachment for proper entry)

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