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