Interested to Buy Any Domain ? << Click Here >> for more details...
ledger entry for outstanding salaries
- 10 Answers
- 34178 Views
- D Link, ITC Infotech, Northern Trust, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / narendra
salary ..................dr
to salary out standing a/c.
(being salary due)
while payment.
salary outstanding a/c......dr
to bank a/c.
(being payment made clear.)
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / satya murty.ch
salary account DR
TO OUT STANDING SALARIES
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / raksha
Outstanding salary A/c
To cash A/c
because outstanding salary is an expense for a company so it is an expense and as per nominal account expense has to be debited.
and cash is going out, so as per real account, credited the cash.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / premarajan p
Dr Outstanding salary Dr. 00 Cr 1000
When paying cash/bank
It is debited
Cr .salary cash Dr.Rs 1000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / akram khan
for outstanding salary a rule follows i.e.
Increase in exp. Is debit and decrease is
credit. So salay is an exp. Provision entry
for employer shall be
salary a/c dr
to salary payable a/c
and at the time of payment
salary payable a/c
to cash/bank
AKRAM KHAN
| Is This Answer Correct ? | 3 Yes | 5 No |
The owner of the consignment stock is________ (a) Consignor (b) Consignee (c) Debtors (d) None
What is the Account Receviable for Airport?
how many view the tally backup erp9 after the tally backup in tally
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
What is an asset, an expense, a liability, revenue and equity?
IF MY SALARY IS RS.8000 P.M THEN I HOW MUCH I GET BY DEDUCTING P.F & ESI IF COMP DEDUCTS BOTH ESI & PF
6 Answers AEL, Globarena Technologies, Primaccess,
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
What do u mean by press releases
What is accounting chart of accounts?
A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.
what is differnce between balance sheet of a bank & a company
0 Answers Banking, Standard Chartered,
what is journal entry of reserve for doutful debts.
Audit 
