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AS 12

Accountancy

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

Screenshot_20240411_112244_Samsung Notes.jpg

Vijay K

Vijay K

CA Inter

9K+

11-Apr-24 11:24

76

Answers (3)

Reduction of expense


CA Suraj Lakhotia

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

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

CA Suraj Lakhotia

Admin

15-Apr-24 19:14

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