App Logo

No.1 PSC Learning App

1M+ Downloads
Salaries and wages are debited in _______

ACapital account

BRevenue account

CProfit and Loss account

DNone of these

Answer:

C. Profit and Loss account


Related Questions:

A bill of exchange drawn in Delhi and payable in London is a example of:
_________ cause either decrease in fixed assets or increase in long term liabilities
.......... provides the basis for fixation of repayment schedule.
There should be no entry in the books of accounts without a :
_____________ expenditure incurred for purchasing or manufacturing of Assets