what is the Journal entry for Salaries outstanding? Giv an
example.
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Answer Posted / shaikh areef areef
Salary A/C................Dr xxxxxxxxx
To salary outstanding A/C. xxxxxxxxxccx
(Being salary Due)
When made payment
Salary outstanding A/C ..........Dr xxxxxxxxx
To Cash/ Bank A/C xxxxxxxxx
( Being salary paid)
"Salary is expense for business so as per Nomminal A/C All expenses should be debited
And outstanding salary means liabilities so it should be credited
If any mistakes from my view please suggest me the correct reason on whatapps +919576404243
Shaikh Areef Nomani
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