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what is the journal entry of outstanding wages ?
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Answer Posted / pragada satish
Wages a/c dr xxx
To outstanding wages a/c xxx
Wages but not paid at the end of the accounting period.
it is two fold effect.
1.it will be addded to the concerned expenses account in
profit and loss a/c debit side.
2.Out standing wages will be show on the liability side of
the balance sheet
| Is This Answer Correct ? | 7 Yes | 3 No |
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