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

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

1) What is the steps of delisting the listed company 2) How to spliting the listed company shares 3) Which way the company should function when it has paidup capital is equal or more than 5,00,00,000/- (I mean which way the company should do it work in the company Act 1956. Is the company have to appoint a CS and and managing director of a any other things which is compulsory for these kind of company which paid up capital is 5,00,000/-

1967


I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap

1667


Does any one attented HSBC audit compliance test? Please let me know asap. suraj

2343


what is meant by search report of the company n why is it prepared?

1729


Information regarding shop & establishment registration of propiertor ship & require document for this

2051






I want to know that , If we called a person for one day for drive our company van or any other purpose. so how it will accounted in our (i.e companies) Books of accounts....

837


Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method

1954


Is form 38 mandatory to issue c form in up. thru online mode

1344


i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.

1825


what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?

2120


STATE THE DIFFERENCE BETWEEN BANKING FIS AND NON BANKING FIS

2165


How to analyse the day to day sensex Points or Forex Values?

2263


I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?

1991


sir i want aao lic exam model question paper

2378


Treatment of Government grant and its utilization in P

1646