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    wmills's Avatar
    wmills Posts: 1, Reputation: 1
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    #1

    Apr 23, 2014, 09:28 AM
    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?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Apr 23, 2014, 10:29 AM
    You would Debit the appropriate Expense account and Credit the appropriate Liability account.
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