If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...
If cash is paid for worker salaries, the transaction includes
a.debiting Salaries Expense and crediting Accounts Payable.
b.debiting Salaries Expense and crediting Cash.
c.debiting Cash and crediting Salaries Expense.
d.debiting Salaries Expense and crediting Capital.
Homework Answers
Answer: The correct answer is b i.e.
Debiting Salaries Expense and Crediting Cash
In this transaction the salaries are paid to workers in cash due to which cash account decreased with the amount which means the cash account is credited by the salary amount. The transaction also affects the salary expense account and shows the debit balance of transaction in salary expense
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If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...
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help me fill this please. thank you and thumbs up!. Cash Transaction Paid advertising expense of...
help me fill this please. thank you and thumbs up!.
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help me fill this please. thank you and thumbs up!.
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