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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.
Is salaries a debit or credit?
Debit
Is rent expense a debit or credit?
debit
Is an insurance expense a debit or credit?
Debit
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.
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
Is salaries a debit or credit?
Debit
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 expense debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
Is rent expense a debit or credit?
debit
Is Insurance Expense credit or debit?
Debit
Is an insurance expense a debit or credit?
Debit
Is a miscellaneous expense a debit or a credit?
debit
Is wages due debit or credit?
wages is expense and expense is debit salary is income and income is credit
