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WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT
FINANCIAL PERIOD & AT THE TIME OF PAYING THE CASH
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Answer / faheem
1.At present
Salaries a/c Dr..
To Salaries payable a/c
(Being Salaries payable)
2.At the time of paying the cash
Salaries Payable a/c Dr
To Bank/Cash a/c
(Being outstanding salaries paid)
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Answer / sandeep
dear,
you should pass an journal accounting entry, that is.
salary accounts debit, and credit the salary payable
account. @ the time of payment debit the payable account.
hope u understand.
thanks
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / jitendra singh
By Salaries A/c
To Salaries Payable A/c
( Being salary payable)
When paying cash
By Salaries Payable A/c
To Cash A/c
( Being salary paid)
(
| Is This Answer Correct ? | 0 Yes | 0 No |
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