Paid Salary of Rs.10,000 to employee for Salary, mention the Accounts involved
A. Salary & Bank
B. Wages & Cash
C. Remuneration & Bank
D. Capital & Liability
Answer:A
Paid Salary of Rs.10,000 to employee for Salary, mention the Accounts involved
A. Salary & Bank B. Wages & Cash C. Remuneration & Bank D. Capital & Liability
Explanation: Salary payment involves Debiting of “Salary account” and crediting of “Bank account”