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Debit wages expenses
Credit cash / bank
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∙ 9y ago
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What is Journal entry for record of wages?
[debit] wages expensescredit cash / bank
What is the closing journal entry of the wages?
debit wages payablecredit cash
What would a journal entry to record the payroll include?
debit payroll expensescredit cash / bank
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
What is the journal entry for outstanding wages?
debit wages expensescredit wages payable
What is the purpose of journal entry?
A journal records what you're findings are
You record the debit entry for transaction a 5 1 in the journal as?
You record he credit entry for transaction (a) 5/1 in the journal as
Why do you need to do journal entry?
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
What is the journal entry for trading stock given as part of wages?
debit wages expensecredit shares in share capital
What is journal entry for Paid wages?
Db wage expense Cr cash
Why do you need to re class a journal entry?
if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.
What are name of record of transactions?
It is termed as Journal entry.
