ledger entry for outstanding salaries

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ledger entry for outstanding salaries ..

Answer / guest

salary a/c 10000
to o/s salary a/c 10000

Is This Answer Correct ?    52 Yes 19 No

ledger entry for outstanding salaries ..

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

ledger entry for outstanding salaries ..

Answer / mohd asim

Salary account Dr
To outstanding salaries

Is This Answer Correct ?    29 Yes 7 No

ledger entry for outstanding salaries ..

Answer / satya murty.ch

salary account DR
TO OUT STANDING SALARIES

Is This Answer Correct ?    13 Yes 5 No

ledger entry for outstanding salaries ..

Answer / sateessh

Salary A/c Dr
To O/S Salary Cr

Is This Answer Correct ?    10 Yes 4 No

ledger entry for outstanding salaries ..

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

ledger entry for outstanding salaries ..

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

ledger entry for outstanding salaries ..

Answer / rocky

O/s salary A/c dr
To Salary A/c.

Is This Answer Correct ?    17 Yes 19 No

ledger entry for outstanding salaries ..

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

ledger entry for outstanding salaries ..

Answer / dd verma

SALARY A/C DR
TO SALARY PAYABLE A/C

Is This Answer Correct ?    1 Yes 6 No

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