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)
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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
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