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out standing salaries goes to whiich A/C I mean personal(or)
real(or)nominal a/c
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Answer / vikas
outstanding salaries goes on nominal account because we
have to pay the salary to employee, it is a expenses and
outstading salary comes in profit & loss account debit site
| Is This Answer Correct ? | 20 Yes | 8 No |
Answer / neelima
out standing salaries are considered as personal a/cs
because these salaries have to be payable which are known
as representative personal a/cs.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / shriram
Outstanding salaries a/c is strictly a personal account. to
be specific it is a representative personal account.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / a.madhu sudhan rao
Outstading salaries goes to Personal Account
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / t.t.abhishek9
its comes to personal account/why because any sufix or
prefia add to nominal account comes under personal account.
it will reflect only on balance sheet
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / a.r.somesh
Dear Friends,
Outstanding Salaries affect twice, if it is given in
adjustment,
Nominal Account and Real Account,
If it is given in Trial Balance will affect only on
Liabilities in Balance Sheet., ie. Real Account.
Thanks
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / khan
Mr.Srekanth,
As per Nomial Account All expenses and losses should be
debited. and All incomes and gains should be credited.
means oustanding salary should be debit.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sreenivas
Hi friends,
If it gives in adjustments it should be considered as
nominal and personnel.Because it reflects in profit and
loss ac and balanc sheet also.
If it gives in trial balance it should be considered as
personel ac only. Because it reflects in Balance sheet only.
Thanks and Regards
Sreenivas
| Is This Answer Correct ? | 1 Yes | 0 No |
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