Which of the following item(s) appearing in the trial balance, should be debited to trading account ?

Wages Outstanding.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Wages and salaries.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Directors remuneration.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Advance payment of wages.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All of the above.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is E Wages and salaries.
Trading account is prepared to find out the gross profit of business. All direct expenses are debited to trading account.
Wages and salaries are direct expense which need to be debited to Trading account.

Suggest Corrections