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Question Practice

What is the journal entry for recognizing outstanding wages of $500 at year end?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

What is the journal entry for ...

Single Answer MCQ
Q-00053579

What is the journal entry for recognizing outstanding wages of $500 at year end?

1

Wages Expense $500 / Cash $500

2

Wages Payable $500 / Wages Expense $500

3

Wages Expense $500 / Wages Payable $500

4

Outstanding Wages $500 / Wages Expense $500

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