why wages and salaries comes in both trading account & profit & loss account ?
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Wages account comes only in trading account where as salary account comes in profit & loss account. When salary and wages cometogether( wages and salaries ) it will be posted to trading account.
Whatever comes with wages will go only to trading account Because in trading account we post the expenses which took place in the time of trading. Wages are also given at the time of trading so it comes to trading account.
Whatever comes with wages will go only to trading account Because in trading account we post the expenses which took place in the time of trading. Wages are also given at the time of trading so it comes to trading account.
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Answer:
wages go to debit side of trading acc
Explanation:
salary go to debit side of pl acc
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