Question

When he closed his ledger accounts on 30 the April 2018 luthras wages expense account had a debit balance of rs 87963 luyhra also had to make a provision of rs 1268 for outstanding wages what is luthras opening balance for wages on 1 may 2018
Rs 1268 debit
Rs 1268 credit
Rs 87963 debit
Rs 87963 credit​

Answer 1

Answer:

1268 credit is the answer I think.

please mark me brainliest and drop some thanks

Answer 2

Answer:Rs 1268 cr

At 30 April, the entry is

Dr wages, Cr accruals.

At the start of the next month – i.e on 1 May – the entry is reversed.
Dr accruals, cr wages. 

So next year starts with a credit balance.
reversal at start of year was the key