Rs. 30,000 salary due to manager, but not paid. what will be
the journal entry for this transaction?
Answers were Sorted based on User's Feedback
Answer / madhu babu.ch
salary a/c Dr Rs 30000
To o/s salary a/c Rs 30000
Is This Answer Correct ? | 62 Yes | 12 No |
Answer / vinay kumar
Salary A/c Dr. 30,000/-
Salary Payable A/c 30,000/-
Is This Answer Correct ? | 70 Yes | 25 No |
Answer / suja
Salary A/C Dr
To outstanding Salary
(Being salary due,but not paid)
Is This Answer Correct ? | 37 Yes | 3 No |
Answer / shihab
Salary A/c Dr. 30000
To Salary Payable A/c 30000
(being Salary for the month.....)
Salary Payable A/c Dr. 30000
To Mr.X A/c (Manager) 30000
(being Salary due for the month....)
At the Time of Salary Payment
Mr.X A/c Dr. 30000
To Cash/Bank A/c 30000
(being salary paid for the month....)
Is This Answer Correct ? | 10 Yes | 0 No |
Answer / karpagaselvavigneswaran
This is means that salary outstanding
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anah agarwal
Salary A/C Dr. 30000
To salary payble A/C 30000
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / himanshu
SALARY A/C DR.
TO SALARY PAYABLE A/C
( Being salary due but not paid)
Is This Answer Correct ? | 4 Yes | 4 No |
Answer / ajeet singh
SALARY A/C DR - 30000 (Expenses)
SALARY PAYABLE 30000 (Liabilities)
Is This Answer Correct ? | 3 Yes | 3 No |
Answer / sandeep reddy
salary a/c dr 3000
to outstanding salary a/c 3000
(salary debited as per nominal account
outstanding credited as per representative personal account)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / puja puja
Salary a/c....dr 30000
Salary payable a/c....30000
(Being salary due bt not paid)
Is This Answer Correct ? | 0 Yes | 2 No |
what journal entry pass in case of vat refundable and in case of vat payable?
Explain what is the disadvantage of double entry system?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
2- What is the difference between cash book and journals?
Explain different branches of accounting?
Which of the following errors are not revealed by the Trial Balance: (a) compensating errors; (b) errors of commission; (c) wrong balancing of an account; (d) wrong totalling of an account
Tell me what is reversing journal entries?
KINDLY EXPLAIN THREE TYPES OF ACCOUNTS WITH EXAMPLES
Dear sir Per Day Maximum Cash payment for Limited company in India
What is the marginal cost formula?
what is contingent liability
IFRS and its applicability in India