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    masud's Avatar
    masud Posts: 26, Reputation: 2
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    #1

    Apr 22, 2007, 02:15 PM
    How to treat Wages
    The following expeses were paid out of the Bank Account:
    £
    Wages : 6,000
    Drawings (see note below) : 10,000
    Sundry Expenses : 3,000


    Include in the amount shown for drawings is £5,000 that owner of the shop paid to his wife for working in the shop part-time.


    Reply early. Thanks a lot.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Apr 22, 2007, 02:31 PM
    What do YOU think the answer is?

    Please see this site's policy on homework questions: https://www.askmehelpdesk.com/math-s...board-b-u.html
    masud's Avatar
    masud Posts: 26, Reputation: 2
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    #3

    Apr 24, 2007, 02:51 AM
    Quote Originally Posted by CaptainForest
    what do YOU think the answer is?

    Please see this site's policy on homework questions: https://www.askmehelpdesk.com/math-s...board-b-u.html
    I've done this way:

    DR Wages 5000
    DR Drawing 5000
    CR Bank 10000

    Now confirm for me is it right?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #4

    Apr 24, 2007, 09:12 PM
    What are “Sundry Expenses : 3,000” ?

    The Wages.

    You have 6,000 + 5,000 = 11,000
    Dr. Wages 11,000
    Dr. Drawing 5,000
    Cr. Cash/Bank 16,000

    This JE does not factor in whatever that 3,000 is suppose to be for.
    masud's Avatar
    masud Posts: 26, Reputation: 2
    New Member
     
    #5

    Apr 25, 2007, 01:52 AM
    Quote Originally Posted by CaptainForest
    What are “Sundry Expenses : 3,000” ?

    The Wages.

    You have 6,000 + 5,000 = 11,000
    Dr. Wages 11,000
    Dr. Drawing 5,000
    Cr. Cash/Bank 16,000

    This JE does not factor in whatever that 3,000 is suppose to be for.

    Now it means, I was right. Thanks for the help.

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