ledger entry for outstanding salaries
Answer Posted / raksha
Outstanding salary A/c
To cash A/c
because outstanding salary is an expense for a company so it is an expense and as per nominal account expense has to be debited.
and cash is going out, so as per real account, credited the cash.
Is This Answer Correct ? | 5 Yes | 3 No |
Post New Answer View All Answers
Explain the accounts payable cycle
under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?
MEANING OF RED HERRITING
What is executive accounting?
Define bills receivable?
Recent trends in Corporate Governence?
what is the method deposit of wct in Delhi
WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.
What are the accounting events that are frequently involved in compound entries?
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
Who owns the general ledger?
Differentiate between provision and reserve?
purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law
Explain a time when you have not met your goal?
Accounting for vc money in financials