What is meant by Salaries Outstanding Accounts?

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What is meant by Salaries Outstanding Accounts?..

Answer / pankaj kumar malviya

Outstanding Salary A/c is a Representative Personal Account as it represents a group of people to whom some amount of salary is payable. Similarly other outstanding and prepaid expenses also fall under the category of representative personal accounts.

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What is meant by Salaries Outstanding Accounts?..

Answer / gayathri

Salaries Outstanding A/c is Nominal A/c. Nominal Account
rule is Debit all expenses and losses, and Credit incomes
and gain. Outstanding Salaries is Liabilities (expenses)
of the company

Is This Answer Correct ?    38 Yes 54 No

What is meant by Salaries Outstanding Accounts?..

Answer / samuel

salaries should be given to employees bcoz this is there
right and it can not be denied

Is This Answer Correct ?    11 Yes 29 No

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