What is meant by Salaries Outstanding Accounts?

Answer Posted / muri

end of the month: (Yet to pay)

Salary Account---------dr
to Salary payable a/c

When pay the salaries

salary payablr a/c----------dr
to bank A/c.

Is This Answer Correct ?    8 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What do you know about hyd? Tell something about hyd?

1843


Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

1708


Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

2680


What is money measurement concept

1671


3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1608






what is account & what is finance

1748


How to increase our credit rating score quickly?

1460


Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??

936


KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)

1547


How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

1726


WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

1642


Short Answer on _______Appropriation

1427


WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS

1781


Expand BFSI

1659


what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?

4127