Wages posted twice what is the entry for that?

Answers were Sorted based on User's Feedback



Wages posted twice what is the entry for that?..

Answer / sridhar.s

Posting of wages twice can be rectify as follows.
Actual
Wages A/c. Dr. XXX
To Cash A/c. Cr. XX
(payment of wages through cash)

For Rectification

Cash A/c. Dr. XXX
To Wages Cr. XXX
(wrongly posted wages entry is rectified)

Is This Answer Correct ?    21 Yes 4 No

Wages posted twice what is the entry for that?..

Answer / biswajit kolay

Posting of wages twice can be rectify as follows.
Actual
Wages A/c. Dr. XXXX
To Cash A/c. Cr. XXXX
(payment of wages through cash)

For Rectification

Wages Posted Twice A/c Dr XX
to Wages A/c Cr.XX


Cash A/c. Dr. XX
To Wages Posted Twice A/c Cr. XX

Is This Answer Correct ?    4 Yes 9 No

Post New Answer

More Accounting General Interview Questions

Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

0 Answers   Wipro,


How will service tax & excise be charged?

0 Answers  


Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.

2 Answers   Ignou,


Do you know what is balance sheet?

0 Answers  


what is a difference between Sale as per return or sale as per book.. please explane it..

3 Answers  






By saying, perpetual or periodic inventory system; what do we mean?

0 Answers  


what is mutual funds?

10 Answers   Capital IQ,


Explain the impact of working capital in general business activities?

1 Answers   Accenture, Capital IQ,


In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer

0 Answers  


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

0 Answers   Infosys,


What was the most difficult deal you had to close?

0 Answers  


3 principles of accounting

8 Answers  


Categories