Salaries Expense & Accrued Salaries T Account
Salaries or Accrued Salaries T Account or Ledger Account is prepared to record all Business Transactions related to Salaries of all of the employees either the company paid Salaries Expense to employees or when there is a case of Accrued Salaries / Salaries Payable . These are the Control Accounts for Salaries. You Can Also Study, “ T Account Debit Credit ” There are two cases relating to Salaries Paid To Employees (i) When Salaries Paid For Cash / Ba nk For Example, XYZ Company paid Salaries Rs. 500000 to employees during the month, then the Journal Entry is as follows: Salaries Expense a/c 500000 ...