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what is the journal entry of outstanding wages ?

Answers were Sorted based on User's Feedback



what is the journal entry of outstanding wages ?..

Answer / monica

wages a/c dr
To wages outstanding a/c

Is This Answer Correct ?    1 Yes 1 No

what is the journal entry of outstanding wages ?..

Answer / ajay

guys just check out ans no 25 it solve all your accounting
worries

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry of outstanding wages ?..

Answer / surjit singh

WAGES A/C DR
TO OUTSTANDING WAGES A/C
NARRATION BEING WAGES DUE FOR THE M/O

WHEN PAID
OUTSTAINDING WAGES A/C DR
TO CASH/BANK

NOTE WAGES A/C IS NOMINAL A/C ANY INCREASE IN IT IS DEBIT
AS ILLUSTRATED ABOVE,ANY INCREASE IN LIABILITY IS A CREDIT
IT REFLECTS ABOVE,BUT MY POINT IS O/SALARY A/C IS A
PERSONAL A/C RULE IS DEBIT THE RECEIVER CREDIT THE GIVER
IN THIS CASE SOME GROUP OF PERSONS SAY RAM SHYAM GOPAL HAS
RENDERD SERVICES TO COMPANY WITH NO BENEFIT TAKEN,SO THEY
ARE OBVIUOSLY IN CREDIT SIDE ACCORDING TO RULE CREDIT THE
GIVER REMEMBER ANY INCRESE IN ASSET AND EXP IS DEBIT AND
INCRESE IN LIABITYS AND INCOMES ARE CREDIT.

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry of outstanding wages ?..

Answer / dinesh silswal

Wages A/c Dr.
Employer Contribution to E.SI. A/c Dr.
Employer Contribution to PF A/c Dr.
To PF Payable A/c Cr.
To E.S.I. A/c Cr.
To Wages Payable A/c Cr.

Is This Answer Correct ?    3 Yes 4 No

what is the journal entry of outstanding wages ?..

Answer / abhishek

Wages A/c Dr.
To Outstanding Wages A/c

Opening Entry in Next Year :-

Outstanding Wages A/c Dr.
To Wages A/c

Is This Answer Correct ?    5 Yes 10 No

what is the journal entry of outstanding wages ?..

Answer / bharani

wages outstanding a/c dr
to wages a/c cr
being wages outstanding

Is This Answer Correct ?    2 Yes 7 No

what is the journal entry of outstanding wages ?..

Answer / vijay singh

Outstanding wages a/c Dr.
To wagesa/c

Being outstanding wages paid.

Is This Answer Correct ?    8 Yes 47 No

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