Outstanding Wages has to be credited because it is liability. (Debit all

Journal entry of outstanding wages is
Wages a/c dr
TO O/s wages a/c

In the Above journal entry why outstanding wages has to be
credited ? and o/s wages comes under which account, and why
(Personal, Real, Nominal)

Question Posted / bhaskar unnikrishnan

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Answer Posted / bhaskar unnikrishnan

Outstanding Wages has to be credited because it is
liability. (Debit all asset, Credit all liabilities). When
outstanding wages paid:

O/s Wages Debit
Cash Credit.

It will gradually reduce O/S Wages Balance.

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