what is the journal entry of outstanding wages ?
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Answer / 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 |
Answer / mirunalini
Wages A/C Dr
To Wages for outstanding A/C
(if wages 2000 s not paid , in p&l A/C wages should be
posted left hand side of p&l A/C, wages for outstanding
will be posted in liabilites side.)
| Is This Answer Correct ? | 62 Yes | 16 No |
Answer / rakesh thakur
Wages a/c Dr.
To Wages Payable a/c
Wages Payable a/c Dr.
To Cash/Bank a/c
| Is This Answer Correct ? | 46 Yes | 9 No |
wages a/c dr.
to outstanding wages
( being the entry made of outstanding wages)
| Is This Answer Correct ? | 38 Yes | 3 No |
Answer / sunil
wages a/c dr
to wages payable a/c
Being Amount of Wages payable for the Month as per details
Attahced)
| Is This Answer Correct ? | 57 Yes | 24 No |
Answer / aknit
wages A/c dr
to Outstanding wages
(being wages A/c is transferred to o/s wages )
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / t.t.abhishek9
WAGES A/C ..DR
TO O/S WAGES A/C...
(BEING WAGES TOWARDS OUTSTANDING WAGES)
| Is This Answer Correct ? | 27 Yes | 4 No |
Answer / sri
wages A/c Dr
To outstanding expenses A/C
(Being wages was outstanding)
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / 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 |
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