Find the odd one: Wages account, Salary account, Royalty account, Import duty account.
Q.1 (C) (1) Find the odd one: Wages account, Salary account, Royalty account, Import duty account.
Q.1 (C) (1) Find the odd one: Wages account, Salary account, Royalty account, Import duty account.
Best answer
Answer: Salary account
Wages, royalty (on production) and import duty are direct expenses debited to Trading Account. Salary is an indirect expense debited to Profit and Loss Account.
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