out standing salaries goes to whiich A/C I mean personal(or)
real(or)nominal a/c
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Answer / sarika ghadge
It will come under Nominal Account.
All expenses come under the profit and loss A/c
and outstanding salary is debited to profit and loss A/c.
It is the rule of Nominal Account that debit all expenses
and losses.
| Is This Answer Correct ? | 4 Yes | 6 No |
Answer / ganesh
its an nominal account, we have show it on liablity side of
the balance sheet.
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / vinayak
nominal a/c. b'coze it is expenses allexp. & profit com
under nominal a/c
| Is This Answer Correct ? | 0 Yes | 4 No |
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