ledger entry for outstanding salaries
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 |
Post New Answer View All Answers
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
how many view the tally backup erp9 after the tally backup in tally
What is recording damage inventory in books of account?
Explain miscellaneous expenditures & profit and loss account debit balance
In which account does the unpresented cheque will get recorded?
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
director wife expenses which entry
What is journalizing?
PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330
are tpt, freight & packing charges part of sales & purchase ??
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
What is the important of computerized accounting to manual?
What is icai?
Explain what makes a successful account manager?