what is the journal entry of outstanding wages ?
- 27 Answers
- 77047 Views
- ABC, OBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / eklavyaoffinance
Wages A/c Dr.
To Outstanding Wages A/c
(Explanation : If it had been entry for "wages paid" , we
would debit "Wages A/c" and credit "Cash A/c". But since
here wages are not actually paid (by cash) "Outstanding
Wages A/c" will have to be credited instead of "Cash A/c" .
Note : here "Outstanding Wages A/c" is a Personal Account
and "Wages A/c" is a Nominal Account.
| Is This Answer Correct ? | 134 Yes | 12 No |
Answer / mirunalini
Wages A/C Dr
To Wages for outstanding A/C
(if wages 2000 s not paid , in p&l A/C wages should be
posted left hand side of p&l A/C, wages for outstanding
will be posted in liabilites side.)
| Is This Answer Correct ? | 62 Yes | 16 No |
Answer / rakesh thakur
Wages a/c Dr.
To Wages Payable a/c
Wages Payable a/c Dr.
To Cash/Bank a/c
| Is This Answer Correct ? | 46 Yes | 9 No |
wages a/c dr.
to outstanding wages
( being the entry made of outstanding wages)
| Is This Answer Correct ? | 38 Yes | 3 No |
Answer / sunil
wages a/c dr
to wages payable a/c
Being Amount of Wages payable for the Month as per details
Attahced)
| Is This Answer Correct ? | 57 Yes | 24 No |
Answer / aknit
wages A/c dr
to Outstanding wages
(being wages A/c is transferred to o/s wages )
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / t.t.abhishek9
WAGES A/C ..DR
TO O/S WAGES A/C...
(BEING WAGES TOWARDS OUTSTANDING WAGES)
| Is This Answer Correct ? | 27 Yes | 4 No |
Answer / sri
wages A/c Dr
To outstanding expenses A/C
(Being wages was outstanding)
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / piyush_703
wages a/c Dr.
To provision for outstanding wages A/c.
(For outstanding wages)
provision for outstanding wages A/c. Dr.
To cash / bank A/c
(for outstanding wages paid)
| Is This Answer Correct ? | 23 Yes | 14 No |
what rate is entry tax is it same for all states
If some service provider gives a bill having service tax. say cost of service is Rs 100, He is adding 12.36% sevice tax. Total comes 112.36. we have to deduct TDS @ 11.33%. On what amount we should deduct TDS? (on 100 or 112.36 )
WHAT IS VAT ON SALE OF GOLD IN RAJASTHAN
we can cash slase above 20000? and if party pay the above 20000 we can give the recipt.
if i sale goods on dt 30.06.09 but calcutta party received it on 07 july ,so the party issue to form C for which quarter
What is the rate of TDS on Rent on NRI
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
What are the various forms used for Sales Tax?
OUR CO. ACCEPT SODEXO COUPONS FORM CUSTOMERS; WHEN WE SUBMIT COUPONS FOR REIMBURSEMENT TO SODEXO THEY DEDUCT SERVICE CHGS AND S. TAX AND PAY BALANCE AMOUNT, DOSE IT ATTRACT TDS?
What is Form H .Why we required form H. How it can benefit us?
How to file tds/tcs tax challan and what is the last date for This
what is majore differance between TCS & TDS
Audit 
