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ledger entry for outstanding salaries
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Answer Posted / akram khan
for outstanding salary a rule follows i.e.
Increase in exp. Is debit and decrease is
credit. So salay is an exp. Provision entry
for employer shall be
salary a/c dr
to salary payable a/c
and at the time of payment
salary payable a/c
to cash/bank
AKRAM KHAN
| Is This Answer Correct ? | 3 Yes | 5 No |
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