what is the Journal entry for Salaries outstanding? Giv an
example.
- 27 Answers
- 157865 Views
- ACS, Apple, Cognizant, Genpact, HSBC, Infosys, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method
I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap
Is form 38 mandatory to issue c form in up. thru online mode
what is mean by tax holiday?
Information regarding shop & establishment registration of propiertor ship & require document for this
MY QUESTION IS THAT IS WHEY WE SELL THE UPS IN THE MARKET BUY FROM THE IMPORT WHAT THE DUTY WE WILL FORWARD TO THEM.
STATE THE DIFFERENCE BETWEEN BANKING FIS AND NON BANKING FIS
what is the abrevation for JJ in form jj
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
Does any one attented HSBC audit compliance test? Please let me know asap. suraj
why your choseing bank of america
hat is the meaning of the capital ique,and hat is capital,and ahat is ique
when will be appsc exams will held pls give me the dates
i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.
sir i want aao lic exam model question paper
