why we transfer wages and salary in trading a/c,and why we
transfer salary and wages in p/l a/c?
Answer Posted / pranesh debnath
Because Wages & Salary is taken as closely related to trading activity that is transferred to Trading statement (Trading A/C) whereas Salary & Wages is related to operating activity and transferred to operating statement (P&L A/C).
Is This Answer Correct ? | 32 Yes | 5 No |
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