wages and labour entry
Its Direct Expenses will shown at trading a/c.
Wages a/c Dr 1250
To Wages Payable a/c 1250
(Being wages accounted/Incurred)
Wages Payable a/c 1250
to Cash/Bank a/c 1250
(Being Wages paid)
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examples of real accounts
In Accounting Terms 1. what is meant by debit Rs.1000/- to Mr.Ramu account ?. 2. What is meant by credit Rs.1000/- to Mr.Ramu account ?. 3. What is meant by Ramu account was Debited or Credited ?. 4. Generally in accounting terms what is meant by Debit or Credit His / Her account ?.
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
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13 Answers Genpact, Uttam Galva,
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