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what is the Journal entry for Salaries outstanding? Giv an
example.
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Answer Posted / cdn
Salaries A/c Dr.
To Salary Payable a/c
(Being Salary Due)
Salary Payable A/c Dr.
To Mr. X's a/c
(Being Salary due for particular employee)
Mr. X a/c Dr.
To Cash/Bank a/c
[Being Salary Paid to Mr. X (Employee of the co.)]
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