what is the journal entry of outstanding wages ?
- 27 Answers
- 77368 Views
- ABC, OBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ajay
guys just check out ans no 25 it solve all your accounting
worries
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / surjit singh
WAGES A/C DR
TO OUTSTANDING WAGES A/C
NARRATION BEING WAGES DUE FOR THE M/O
WHEN PAID
OUTSTAINDING WAGES A/C DR
TO CASH/BANK
NOTE WAGES A/C IS NOMINAL A/C ANY INCREASE IN IT IS DEBIT
AS ILLUSTRATED ABOVE,ANY INCREASE IN LIABILITY IS A CREDIT
IT REFLECTS ABOVE,BUT MY POINT IS O/SALARY A/C IS A
PERSONAL A/C RULE IS DEBIT THE RECEIVER CREDIT THE GIVER
IN THIS CASE SOME GROUP OF PERSONS SAY RAM SHYAM GOPAL HAS
RENDERD SERVICES TO COMPANY WITH NO BENEFIT TAKEN,SO THEY
ARE OBVIUOSLY IN CREDIT SIDE ACCORDING TO RULE CREDIT THE
GIVER REMEMBER ANY INCRESE IN ASSET AND EXP IS DEBIT AND
INCRESE IN LIABITYS AND INCOMES ARE CREDIT.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dinesh silswal
Wages A/c Dr.
Employer Contribution to E.SI. A/c Dr.
Employer Contribution to PF A/c Dr.
To PF Payable A/c Cr.
To E.S.I. A/c Cr.
To Wages Payable A/c Cr.
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / abhishek
Wages A/c Dr.
To Outstanding Wages A/c
Opening Entry in Next Year :-
Outstanding Wages A/c Dr.
To Wages A/c
| Is This Answer Correct ? | 5 Yes | 10 No |
Answer / bharani
wages outstanding a/c dr
to wages a/c cr
being wages outstanding
| Is This Answer Correct ? | 2 Yes | 7 No |
Answer / vijay singh
Outstanding wages a/c Dr.
To wagesa/c
Being outstanding wages paid.
| Is This Answer Correct ? | 8 Yes | 47 No |
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
what is excise duty, how much rate calculation on manufacturing goods?
113 Answers Agricon, Bajaj, CMS, Gaurav International, Genpact, Janpact, KJH, MahaGenco, Manufacturing, Mennen Industries, Pharma, Reliance Communications, VSS,
Entry Tax paid for Car purchased Rs.800000 and this amount may adjust to VAt payable. Noted that we are filing vat return on the compound basis.
What is Rule 52A (Excises Duty)
We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.
On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost or on aggregate cost (labour + material)?
hi i want to know that what r all the component which r applicable for tax in salary,whether it is payable or reimbursement
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.
Who will prepare Esugam
WHAT IS TCS & DIFFINATION
Procedure to file TDS Returns?
what is the deffirent between TDS & TCS
Audit 
