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Debit
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∙ 13y ago
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How do you record accrued salaries?
Debit Salaries Expense, Credit Salaries Payable.
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Are salaries expense debit or credit?
Expenses have a normal debit balance.
Does accrued salaries have a debit or credit balance?
Credit; liability accounts are always credit
Why is salaries payable a natural debit balance?
cost of goods sold has a natural debit or credit balance
How do you record accrued salaries?
Debit Salaries Expense, Credit Salaries Payable.
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Are salaries expense debit or credit?
Expenses have a normal debit balance.
Does accrued salaries have a debit or credit balance?
Credit; liability accounts are always credit
How do you pass the journal entries for salary deductions?
[Debit] Salaries Expense [Credit] Salaries payable (balancing amount) [Credit] Deductions
What is the journal entry to take up salaries?
For business concern entry is:[Debit] salaries expense[Credit] Cash / bankFor personal concern:[Debit] Cash / bank[Credit] salary income
Why is salaries payable a natural debit balance?
cost of goods sold has a natural debit or credit balance
Is wages and salaries expenses on a normal balance account considered a debit or credit?
Wages and salaries both are expenses to the company and like all expenses normal debit balance these accounts also have debit balance as their normal balance.
What will be journal enteries for prepaid salaries to mr sanjay?
[Debit] Prepaid Salary [Credit] Cash / bank
Is sales and salaries commission debit or credit?
Those commission costs would show as debits on the profit and loss.
How do you calculate salaries?
1 :if we paid salary to employee then it will be expense for business 2 :and all expence are debit accourding to rule so salary is expense for busines it will be written on debit side and our cash/asset is decreasing so it will be credit entry is salaries to cash
Is prepaid insurance a debit or credit?
Debit
