Question
what is the Journal entry for Salaries outstanding? Giv an
example.
Question Submitted By :: CompanyAffairs-CS
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Answer
# 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.)
Moti
Answer
# 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)
Niranjana
Answer
# 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.)
Vijay007in
Answer
# 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)
Vikki Kumar
Answer
# 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
Murali Royal
Answer
# 6
Salary A/c Dr.
To Salary Outstanding A/c.
Shailendra Bijalwan
Answer
# 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
Aditya Kumar
Answer
# 8
if Salary is outstanding
make the entry as follows
SALARY A/C DR
TO PF A/C CR
TO ESIC A/C CR
TO P.T. A/C CR
TO SALARY PAYABLE A/C CR
Rupesh
Answer
# 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
Kavita
Answer
# 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
Balu