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General Accounting Interview Question:
Wages are posted twice and what is the entry for that?
Submitted by: AdministratorPosting of wages twice can be rectify as follows.
Actual
Wages A/c. Dr. XXX
To Cash A/c. Cr. XX
(payment of wages through cash)
For Rectification
Cash A/c. Dr. XXX
To Wages Cr. XXX
(wrongly posted wages entry is rectified)
Submitted by: Administrator
Actual
Wages A/c. Dr. XXX
To Cash A/c. Cr. XX
(payment of wages through cash)
For Rectification
Cash A/c. Dr. XXX
To Wages Cr. XXX
(wrongly posted wages entry is rectified)
Submitted by: Administrator
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