what is the Journal entry for Salaries outstanding? Giv an
example.

Answer Posted / aditya kumar

Salariesa/c dr
To outstanding salary a/c
(Being salary is due / outstanding )

When it paid , then
Outstanding salary a/c dr
To bank a/c / cash a/c

Is This Answer Correct ?    39 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?

2635


Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method

1951


I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?

1987


In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain

1087


Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.

2210






analyses of Cost control

1930


Does any one attented HSBC audit compliance test? Please let me know asap. suraj

2339


STATE THE DIFFERENCE BETWEEN BANKING FIS AND NON BANKING FIS

2163


hat is the meaning of the capital ique,and hat is capital,and ahat is ique

2113


what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?

2006


I want to know that , If we called a person for one day for drive our company van or any other purpose. so how it will accounted in our (i.e companies) Books of accounts....

834


i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.

1821


what is meant by search report of the company n why is it prepared?

1726


what is mean by tax holiday?

2128


Information regarding shop & establishment registration of propiertor ship & require document for this

2044