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Please explain about wages control account?
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Answer / anix
As the name indicates it is a control Account .
1.entry
Wages Control To
Cash
(Payment of Wages)
2.
Corresponding Expense Account To
Wages Control
At the end the balance of Wages Conrol A/c will be 0.
This A/C is widely used where interim salaries are given to
the employees .....
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