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Categories >> Accounting >> CompanyAffairs CS


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 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
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what is the Journal entry for Salaries outstanding? Giv an 
 Question Submitted By :: CompanyAffairs-CS
I also faced this Question!!     Answer Posted By  
# 1
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 ?    249 Yes 9 No
# 2
Salary A/c Dr.
To Salary Outstanding A/c.

(Being Salary Due)

While Payment

Salary Outstanding A/c Dr.
To Bank/Cash A/c
(Being Payment Clear)
Is This Answer Correct ?    108 Yes 3 No
# 3
Salary ..................dr
to salary payable a/c.
(being salary due)

while making the payment.

salary payable a/c......dr
To bank/Cash a/c.
(being payment made clear.)
Is This Answer Correct ?    107 Yes 15 No
# 4
Salary a/c Dr.
To Salary outstanding a/c

(being salary due)

while salary paid

Salary outstanding a/c

To Cash/bank
(being salary paid)
Is This Answer Correct ?    70 Yes 3 No
Vikki Kumar
# 5
Salaries a/c Dr xxxx
To Outstanding salaries xxxx

(Being salaries payable or outstanding)

*** Salary is expense to business so as per Nominal account
all Expenses should be Debit

*** Outstanding means not yet paid so it is liability. So it
should be credited
Is This Answer Correct ?    51 Yes 2 No
Murali Royal
# 6
Salary A/c Dr.
To Salary Outstanding A/c.
Is This Answer Correct ?    27 Yes 4 No
Shailendra Bijalwan
# 7
Salariesa/c dr
To outstanding salary a/c
(Being salary is due / outstanding )

When it paid , then
Outstanding salary a/c dr
To bank a/c / cash a/c
Is This Answer Correct ?    11 Yes 0 No
Aditya Kumar
# 8
if Salary is outstanding
make the entry as follows
Is This Answer Correct ?    17 Yes 8 No
# 9
it will be
Salaries A/c Dr
To Salaries outstanding A/c

when it is paid it will be

salaries A/c Dr
To Cash A/c

Is This Answer Correct ?    140 Yes 133 No
# 10
salaries a/c dr
To salary outstanding A/c
Being salary due

payment entry:

salary outstanding a/c
To Cash/Bank a/c
Being payment made

Reason: first we credited salary outstanding a/c it was nullified when it is debited.If cash paid cash a/c if payment made by cheque Bank a/c

then final entry

salary a/c dr
To Cash/Bank A/c
Being salary clear
Is This Answer Correct ?    5 Yes 0 No

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