Interested to Buy Any Domain ? << Click Here >> for more details...
what is the journal entry of outstanding wages ?
- 27 Answers
- 87574 Views
- ABC, OBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / eklavyaoffinance
Wages A/c Dr.
To Outstanding Wages A/c
(Explanation : If it had been entry for "wages paid" , we
would debit "Wages A/c" and credit "Cash A/c". But since
here wages are not actually paid (by cash) "Outstanding
Wages A/c" will have to be credited instead of "Cash A/c" .
Note : here "Outstanding Wages A/c" is a Personal Account
and "Wages A/c" is a Nominal Account.
| Is This Answer Correct ? | 134 Yes | 12 No |
Answer / mirunalini
Wages A/C Dr
To Wages for outstanding A/C
(if wages 2000 s not paid , in p&l A/C wages should be
posted left hand side of p&l A/C, wages for outstanding
will be posted in liabilites side.)
| Is This Answer Correct ? | 62 Yes | 16 No |
Answer / rakesh thakur
Wages a/c Dr.
To Wages Payable a/c
Wages Payable a/c Dr.
To Cash/Bank a/c
| Is This Answer Correct ? | 46 Yes | 9 No |
wages a/c dr.
to outstanding wages
( being the entry made of outstanding wages)
| Is This Answer Correct ? | 38 Yes | 3 No |
Answer / sunil
wages a/c dr
to wages payable a/c
Being Amount of Wages payable for the Month as per details
Attahced)
| Is This Answer Correct ? | 57 Yes | 24 No |
Answer / aknit
wages A/c dr
to Outstanding wages
(being wages A/c is transferred to o/s wages )
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / t.t.abhishek9
WAGES A/C ..DR
TO O/S WAGES A/C...
(BEING WAGES TOWARDS OUTSTANDING WAGES)
| Is This Answer Correct ? | 27 Yes | 4 No |
Answer / sri
wages A/c Dr
To outstanding expenses A/C
(Being wages was outstanding)
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / piyush_703
wages a/c Dr.
To provision for outstanding wages A/c.
(For outstanding wages)
provision for outstanding wages A/c. Dr.
To cash / bank A/c
(for outstanding wages paid)
| Is This Answer Correct ? | 23 Yes | 14 No |
what is the vat rate of Saw dust powder in maharashtra
what is excise
IVrth quater tds return file last date
WHAT IS THE LAST DATE FOR PAYMENT OF TAX OF EXCISE DUTY IN CASE OF ( SSI ) UNIT .
We are SSI unit. Is there any procedure for the cancellation of excise invoice for excise department?
In one year how many times tds, service tax, and Mvat is paid?
Explain long term capital gains and how is it different from short term capital gains?
If any bill amount is inclusive of service Tax? How to calculate?
12 Answers Mountain Edge, Savitri Engineering,
what is service tax ? what are diffferent tax rates?
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
which contractors does not deducted tds ?
Is service tax paid on LIC premium eligible for rebate under section 80C?
Audit 
