Wages posted twice what is the entry for that?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain what is gaap?

613


Explain how you can adjust entries into account?

655


whether bills of exchnge can come under the category of reserves and surplus

1375


Under the accrual basis of accounting, when revenues are reported in the accounting period?

571


Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?

1953






What is the difference between cfa and csa?

9741


Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales

1281


what is the difference b/w gain and profit?

1512


Please advise how to calculate net asset....

1871


what is the entry for toll gate fee

7478


purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

4107


Do you know company's payable cycle?

669


Tell me the stages of double entry system?

617


Tell me deferred taxation is a part of which equity?

578


In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

1474