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ledger entry for outstanding salaries
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Answer / narendra
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 ? | 32 Yes | 5 No |
Answer / satya murty.ch
salary account DR
TO OUT STANDING SALARIES
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / raksha
Outstanding salary A/c
To cash A/c
because outstanding salary is an expense for a company so it is an expense and as per nominal account expense has to be debited.
and cash is going out, so as per real account, credited the cash.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / premarajan p
Dr Outstanding salary Dr. 00 Cr 1000
When paying cash/bank
It is debited
Cr .salary cash Dr.Rs 1000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / akram khan
for outstanding salary a rule follows i.e.
Increase in exp. Is debit and decrease is
credit. So salay is an exp. Provision entry
for employer shall be
salary a/c dr
to salary payable a/c
and at the time of payment
salary payable a/c
to cash/bank
AKRAM KHAN
| Is This Answer Correct ? | 3 Yes | 5 No |
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