WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT FINANCIAL PERIOD &a

WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT
FINANCIAL PERIOD & AT THE TIME OF PAYING THE CASH

Question Posted / ganesh

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WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT FINANCIAL PERIOD & AT THE TIME OF P..

Answer / faheem

1.At present

Salaries a/c Dr..

To Salaries payable a/c

(Being Salaries payable)

2.At the time of paying the cash

Salaries Payable a/c Dr

To Bank/Cash a/c

(Being outstanding salaries paid)

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WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT FINANCIAL PERIOD & AT THE TIME OF P..

Answer / sandeep

dear,

you should pass an journal accounting entry, that is.
salary accounts debit, and credit the salary payable
account. @ the time of payment debit the payable account.

hope u understand.

thanks

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WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT FINANCIAL PERIOD & AT THE TIME OF P..

Answer / jitendra singh

By Salaries A/c
To Salaries Payable A/c
( Being salary payable)

When paying cash
By Salaries Payable A/c
To Cash A/c
( Being salary paid)

(

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