Wages Expense Journal Entry

Wages Expense is an Expense which is paid in the current accounting period against the services delivered by them.

When Wages Expense of Rs. 5000 is paid by the company to the workers, the following Journal Entry is made:

                                             Wages Expense a/c  5000

                                                                             Cash a/c  5000

    (Wages Expense Paid For Cash)

Wages Expense is an indirect expense categorized as Operating Expense in the Income Statement.