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