Answer Posted / laxman
To company salary is nominal account regarding golden
principles all expendetures and losses are comes under
nomimal accounts and to emplye salary is a real account
regarding golden principles debit the receiver credit the
giver.
| Is This Answer Correct ? | 16 Yes | 3 No |
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Expand---------MDOT
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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Expand----------CMST
