Interested to Buy Any Domain ? << Click Here >> for more details...
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)
- 7 Answers
- 31987 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answer Posted / sanjoy
Wage es is the nominal account ,when wage increases it become debit , similar when liability increased it become credit , that why outstanding (liability) credit
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
purchase plant and machinery
What are time sheets? How are they maintained?
if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
why accounting is important in business?
In South Africa, the value added tax is administered by?
Cost Accounting
when receieve cheque from a party and we deposite cheque in bank how do this entry
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
Do you know retail banking?
Tell us why did you select accounting as your profession?
Explain dual aspect term in accounting?
Do you know what qualities and skills make an account manager successful?
Dillution effect on EPS
What was the most difficult deal you had to close?
