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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 / 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 ?    128 Yes 12 No

what is the journal entry of outstanding wages ?..

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 ?    60 Yes 16 No

what is the journal entry of outstanding wages ?..

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 ?    45 Yes 9 No

what is the journal entry of outstanding wages ?..

Answer / viplav jain

wages a/c dr.
to outstanding wages
( being the entry made of outstanding wages)

Is This Answer Correct ?    37 Yes 3 No

what is the journal entry of outstanding wages ?..

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

what is the journal entry of outstanding wages ?..

Answer / aknit

wages A/c dr
to Outstanding wages
(being wages A/c is transferred to o/s wages )

Is This Answer Correct ?    31 Yes 5 No

what is the journal entry of outstanding wages ?..

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

what is the journal entry of outstanding wages ?..

Answer / sri

wages A/c Dr
To outstanding expenses A/C
(Being wages was outstanding)

Is This Answer Correct ?    13 Yes 3 No

what is the journal entry of outstanding wages ?..

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 journal entry of outstanding wages ?..

Answer / sudarshan

vijay singh wt u r doing man
wrong answer

Is This Answer Correct ?    14 Yes 6 No

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