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what is the Journal entry for Salaries outstanding? Giv an
example.
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Answer Posted / rajaneeshkeloth
Salaries A/c Dr
To outstanding salaries A/c
(being salary due)
When it paid
outstanding salaries A/c Dr
To cash A/c
explanation; salary is an expence, all expences in an
accounting year should be brought in to account, out
standig salary is current liability so it should be
credited, when it is paid our liability decreases so it
shou be debited ,in addition to outstanding salaries a/c
can be closed bypassing the second entry
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