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
- 31722 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
what is differnce between balance sheet of a bank & a company
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
DIFFERNCE BETWEEN RESERVE AND FUND?
what is mean by sample account and data transfer rule in SAP FI?
What is vendor?
What is the difference between Accruals and Provisions?
what is the Journal entry for credit card bill paid from same bank account
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
What is a ledger? What do you mean by ledger posting?
What qualifications have you achieved?
What is deferred account?
What is accounts receivable?
