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Pass entry for outstanding salry for the month of March
paid in the month of April
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Answer / swamydlj@rediffmail.com
Salary account Dr
To Outstanding salary account
or
To Salary payable acccount
(Provision created for salary for the month of Mar)
entry to be passed in april
Outstanding salary account Dr.
or Salary payable acccount Dr
To Cash/Bank account
(salary paid for the month of Mar)
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / pranjal
The entry should be-:
Salary a/c..........dr.
To Outstanding salary a/c........cr.
| Is This Answer Correct ? | 6 Yes | 2 No |
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