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what is the Journal entry for Salaries outstanding? Giv an
example.
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Answer / moti
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 ? | 561 Yes | 25 No |
Answer / niranjana
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 ? | 278 Yes | 20 No |
Answer / vijay007in
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 ? | 187 Yes | 37 No |
Answer / vikki kumar
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 ? | 135 Yes | 8 No |
Answer / murali royal
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 ? | 116 Yes | 7 No |
Answer / shailendra bijalwan
Salary A/c Dr.
To Salary Outstanding A/c.
| Is This Answer Correct ? | 60 Yes | 7 No |
Answer / aditya kumar
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 ? | 39 Yes | 2 No |
Answer / rupesh
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
| Is This Answer Correct ? | 31 Yes | 14 No |
Answer / balu
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 ? | 20 Yes | 3 No |
Answer / dhan govinda baruah
In the last month of the current financial year i,e. in March,journal entry will be:
(1) SALARY A/C Dr
To Mr. X's A/C
(Being salary payable to Mr. X.)
(2) Mr. X's A/C Dr
To OUTSTANDING SALARY A/C
(Being o/s salary c/f to Balance Sheet)
While salary paid in the next financial year (in April) the journal entry will be:
(3) OUTSTANDING SALARY A/C Dr
To CASH/BANK A/C
(Being outstanding salary amount made clear)
| Is This Answer Correct ? | 11 Yes | 0 No |
What are the factors that come under general office administration especially if it the industry type is Software,BPO,Telecoms and constructtions?
what is the Journal entry for Salaries outstanding? Giv an example.
27 Answers ACS, Apple, Cognizant, Genpact, HSBC, Infosys,
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Audit 
