Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

what is the journal entry of outstanding wages ?

Answer Posted / piyush_703

wages a/c Dr.

To provision for outstanding wages A/c.

(For outstanding wages)

provision for outstanding wages A/c. Dr.

To cash / bank A/c
(for outstanding wages paid)

Is This Answer Correct ?    23 Yes 14 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion

995


meaning of accessory for central excise purpose

3602


SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A

823


Calculate debtors at the end of the year? debtors-50000, bad debts-2000, discount allowed-1000, 5% on bad debt, 2% discount allowed?

1252


Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana

2282






why VAT not charged in deemed sales bill.

1323


In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.

749


I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.

1275


What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.

1975


At what rate firms are required to pay tax on their income?

261


send me all current year taxation such that rates and exemptions or on which web site i have to prefer

1164


How can a taxpayer get a refund for an overpayment of taxes?

223


What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.

2422


AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

1331


If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?

841