what is the journal entry of outstanding wages ?
Answer Posted / eklavyaoffinance
Wages A/c Dr.
To Outstanding Wages A/c
(Explanation : If it had been entry for "wages paid" , we
would debit "Wages A/c" and credit "Cash A/c". But since
here wages are not actually paid (by cash) "Outstanding
Wages A/c" will have to be credited instead of "Cash A/c" .
Note : here "Outstanding Wages A/c" is a Personal Account
and "Wages A/c" is a Nominal Account.
| Is This Answer Correct ? | 134 Yes | 12 No |
Post New Answer View All Answers
When and how Wct is applicable on Labour Job Work and what is the percentage?
Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax
what is tax avoiding?
Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -
What is the WCT percentage under which the amount is being deducted in Punjab. Under what Notification and dated when???????????. Serious Senor I need the answer other wise I would not have posed this question; Please send the answer to the mail address.
Define previous year.
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
What's format of CMO & CMA Data?
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
whether octroi service charge levied on entry tax? and is service tax levied on octroi service charge?
what is vat adjustmant?
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
what is form 8? what are all the details to be collected while buying c form
WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS
What is excise & service tax? What is the difference?