Which account will be debited & credited while making journal entry to record salaries?

Debit salary Credit bank

The correct answer is option 1- Debit salary Credit bank.

While recording the payment of salaries, the following journal entry is made:

1. Debit Salaries: This account represents the total amount of salaries earned by employees during a specific period. It is an expense account and increases with a debit.
   
2. Credit Bank: This account represents the amount of cash disbursed to employees as salaries. It is an asset account and decreases with a credit.

This entry reflects the recognition of the expense (salaries) incurred by the company and the corresponding reduction in cash due to the payment made to employees.