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what is the Journal entry for Salaries outstanding? Giv an
example.
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Answer Posted / ajay sharma
Salary will be paid in April'12 for March'12 than entry
that needs to posted to close books in prevous assessment
year would be.
Entry in Mar'12:
Salary a/c Dr
To Salary Outstanding a/c
Entry in Apr'12
Outstanding Salary a/c Dr
To Bank/Cash a/c
| Is This Answer Correct ? | 11 Yes | 3 No |
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