Accountancy, asked by stargirl665, 11 months ago

Why salaries are debited to profit and loss account?

Answers

Answered by Anonymous

ur answer is...
Salaries are debited to profit and loss a/c because salary is an expense i. e. loss and according to rules all expenses/losses are debited.

hope it helps...

Previous Question

Next Question

Similar questions

English, 6 months ago

Changep the given sentences in indirect speech: a) Madhu asked me, "Is it cold outside, " Answer: Madhu asked me if it was cold outside.

English, 6 months ago

. An ultimate shaking grief fixes the boy As he stands rigid, trembling, staring down All his young days into the harbour where His ball went. I would not intrude on him, A dime, another ball, is worthless. (4x1=4) (a) How has the loss affected the boy? (b) Why was ‘he’ trembling, staring down? (c) What does the poet mean by ‘first responsibility’? (d) A dime is ...

Art, 6 months ago

$\huge\mathbb\pink{heya!!}$ what is the importance of queue system in schools and public places $\huge\boxed{Answer\:in \: short}$ ...

Math, 11 months ago

The cost price of a book is rupees 1250 A shopkeeper marks a discount of 40% on the selected books then on Sunday announced another discount of 10% find the selling price profit or loss and profit and loss percentage of a book...

Math, 11 months ago

The number, whose four -seventh part is, 28, is...

Math, 1 year ago

If 3A=4B=5C, FIND A:B:C...

Physics, 1 year ago

Please explain in detail fast... wave is a disturbance which propagates energy and momentum from one place to another without transport of matter...

Science, 1 year ago

what is excretory organ of echinodermata?