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What should be credited, if salary is paid to Ramzan ?

A)  Ramzan's AccountB)  Salaries AccountC)  Cash AccountD)  Drawings Account

Accounting Auditing Financial Reporting Financial Accounting Bookkeeping
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Question added by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date Posted: 2015/06/06
Upvote (2) Views (7) Followers (4) Answers (4) Report Question
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Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

Option C is correct answer, Because when salary is paid 

Accounting entry;

Salary Dr.

Cash  Cr.

manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

Journal entry;

Salary Dr.

Cash  Cr.

Ahmed Abdi Mahad
by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

Choice C, cash account will be credited when ever payment is made weather it is a salary or any other type of payment

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Cash Account is the right answer.

 

Btw why salary to Ramzan?  There may be any other employee. :d

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