IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

AS 12

Accountancy

Illustration 4, b) how come the salary expense account got credited...

Screenshot_20240411_112244_Samsung Notes.jpg

Vijay K

CA Inter

★ 9K+

11-Apr-24 11:24

Answers (3)

Reduction of expense

CA Suraj Lakhotia

Admin

11-Apr-24 12:29

But if create a ledger account, it shows a net impact of 6 lakhs in cr. Right

Thread Starter

Vijay K

CA Inter

★ 9K+

11-Apr-24 12:54

Thread Starter

Vijay K

But if create a ledger account, it shows a net impact of 6 lakhs in cr. Right

In real life expense account can have a credit balance.

CA Suraj Lakhotia

Admin

15-Apr-24 19:14

IndigoLearn

We have been revolutionising learning paths for students of CA, CFA, CMA, US CMA, and ACCA since 2017 . “Learn Like Never Before” & ‘ Students-first ’ are the cornerstones of our approach. We take immense pride in having enabled 13,000 + students succeed in some of the toughest examinations in the world & are grateful to them for the love and respect they have showered us with, over the years.