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-   -   How to post wage shortage on T-account ledger? (https://www.askmehelpdesk.com/showthread.php?t=790347)

  • Apr 23, 2014, 09:28 AM
    wmills
    How to post wage shortage on T-account ledger?
    Which accounts should be debited or credit if an employer cannot be paid until next month (incidentally in January) due to cash shortage in the business?
  • Apr 23, 2014, 10:29 AM
    pready
    You would Debit the appropriate Expense account and Credit the appropriate Liability account.

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