What is meant by Salaries Outstanding Accounts?
- 13 Answers
- 41842 Views
- HP, I also Faced
- E-Mail Answers
Answer Posted / a.r. kalpana
Salaries Outstanding accounts are a personal a\c.
If a business is not able to pay salary for the last two
months to all the workers or some of them the workers will
be treated as the creditors of the business(since they have
given the services but in exchange they have not been paid
for). The amount due to these employees will be added and
put under one common title "Salaries Outstanding account".
Thus the salary outstanding account is a personnal account
representing the employees.
| Is This Answer Correct ? | 128 Yes | 15 No |
Post New Answer View All Answers
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
plz send me the apptitude question papers of wipro
about tally erp9
which kind of expenses or Income will come under direct expenses or Income ?
What are the stages involved while preparing business blue print with examples?
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c
outstanding expenses, prepaid or unexpired expenses
what is the difference between financial accouning and financial management?
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
What are different types of reports made in tally
please explain the uses of internate protocol address(ip add)?
what are the types of provisions that you would make for the end of a financial year?explain
what is the meaning of input vat & out put vat?
what is balancesheet adjustment a/c. what is the use of this a/c in sap fico
What is the due date for filing monthly & annual sales tax returns in karanataka
