Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 32 - No. 11)
When a company pays wages to its employees, what will be recorded?
Debit Wages Expense, Credit Cash
Debit Cash, Credit Wages Expense
Debit Wages Payable, Credit Cash
Debit Cash, Credit Wages Payable
Explanation
The wages expense will increase, and the cash will decrease (credit).
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