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what is the Journal entry for Salaries outstanding? Giv an
example.

Answers were Sorted based on User's Feedback



what is the Journal entry for Salaries outstanding? Giv an example...

Answer / moti

salary ..................dr
to salary out standing a/c.
(being salary due)

while payment.
salary outstanding a/c......dr
to bank a/c.
(being payment made clear.)

Is This Answer Correct ?    561 Yes 25 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / niranjana

Salary A/c Dr.
To Salary Outstanding A/c.

(Being Salary Due)

While Payment

Salary Outstanding A/c Dr.
To Bank/Cash A/c
(Being Payment Clear)

Is This Answer Correct ?    278 Yes 20 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / vijay007in

Salary ..................dr
to salary payable a/c.
(being salary due)



while making the payment.

salary payable a/c......dr
To bank/Cash a/c.
(being payment made clear.)

Is This Answer Correct ?    187 Yes 37 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / vikki kumar

Salary a/c Dr.
To Salary outstanding a/c

(being salary due)

while salary paid

Salary outstanding a/c

To Cash/bank
(being salary paid)

Is This Answer Correct ?    135 Yes 8 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / murali royal

Salaries a/c Dr xxxx
To Outstanding salaries xxxx

(Being salaries payable or outstanding)

*** Salary is expense to business so as per Nominal account
all Expenses should be Debit

*** Outstanding means not yet paid so it is liability. So it
should be credited

Is This Answer Correct ?    116 Yes 7 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / shailendra bijalwan

Salary A/c Dr.
To Salary Outstanding A/c.

Is This Answer Correct ?    60 Yes 7 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / aditya kumar

Salariesa/c dr
To outstanding salary a/c
(Being salary is due / outstanding )

When it paid , then
Outstanding salary a/c dr
To bank a/c / cash a/c

Is This Answer Correct ?    39 Yes 2 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / rupesh

if Salary is outstanding
make the entry as follows
SALARY A/C DR
TO PF A/C CR
TO ESIC A/C CR
TO P.T. A/C CR
TO SALARY PAYABLE A/C CR

Is This Answer Correct ?    31 Yes 14 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / balu

salaries a/c dr
To salary outstanding A/c
Being salary due

payment entry:

salary outstanding a/c
To Cash/Bank a/c
Being payment made

Reason: first we credited salary outstanding a/c it was nullified when it is debited.If cash paid cash a/c if payment made by cheque Bank a/c


then final entry

salary a/c dr
To Cash/Bank A/c
Being salary clear

Is This Answer Correct ?    20 Yes 3 No

what is the Journal entry for Salaries outstanding? Giv an example...

Answer / dhan govinda baruah

In the last month of the current financial year i,e. in March,journal entry will be:

(1) SALARY A/C Dr
To Mr. X's A/C
(Being salary payable to Mr. X.)

(2) Mr. X's A/C Dr
To OUTSTANDING SALARY A/C
(Being o/s salary c/f to Balance Sheet)

While salary paid in the next financial year (in April) the journal entry will be:

(3) OUTSTANDING SALARY A/C Dr
To CASH/BANK A/C
(Being outstanding salary amount made clear)

Is This Answer Correct ?    11 Yes 0 No

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