Information about finance related question?

I work in a finance company. and every month i get a msg that my salary a/c is credited. But as per accounting rule:debit what comes in and credit what goes out. So how does salary gets credited?

Public Comments

1. Golden rules of accounting : 1) debit what comes in credit what goes out. 2) debit all expenses and lose credit all income and gains 3) debit all lose credit all profit
2. As far as the company is concerned Salary is the expense so their entry is: Salary a/c Dr To Bank/Cash Cr As far as you concernd Cash/Bank a/c Dr To Salary (income for you - aource)
3. Hi Dolly But you credit your revenues or gains. Salary in this case is credited. Cheers! Team GarimaBajaj.com