Answer Posted / anix
As the name indicates it is a control Account .
1.entry
Wages Control To
Cash
(Payment of Wages)
2.
Corresponding Expense Account To
Wages Control
At the end the balance of Wages Conrol A/c will be 0.
This A/C is widely used where interim salaries are given to
the employees .....
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
what are the direct expense of loan department in banks.
What are the basic assumptions in accounting?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
Plant and machinery destroyed for 50000
Define public accounting?
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
which type of questions did HR Manager ask and what are the answers
what is the enty for contract bill raised?
How is the accounting for lease transactions done?
What are the activities that are included in the cash flow statement?
what single discount is to2 successive discount of 10%& 15%
Tell me what are things will not be included in bank reconciliation statement?
What is accounting chart of accounts?
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
What are the features of financial accounting?