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Debit salary account
Credit cash / bank

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11y ago

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How do you pass journal entry of salary payable?

salary account debtor to salary outstanding account


What is the Journal entry of salary paid to employee?

The journal entry for salary paid to an employee typically involves debiting the Salary Expense account and crediting the Cash or Bank account. For example, if an employee is paid $3,000, the entry would be: Debit: Salary Expense $3,000 Credit: Cash/Bank $3,000 This reflects the expense incurred for employee compensation and the reduction of cash or bank balance.


What is salary journal entry?

debit salary expensecredit cash


What is a journal entry of salary?

debit salary expensecredit cash


When to pass journal entry for salary?

debit salary expensecredit cash


What is journal entry of paid salary?

debit salary expensecredit cash


What is the journal entry for accrued expense?

basic salary 21967 / salary of September


What is the journal entry for salary?

[Debit] Salary expense [Credit] Cash / bank


What is the journal entry for deposit to bank account for beginning a business?

Journal entry for opening a bank account


What is the journal entry for salary not paid?

[Debit] Salary Expense xxxx [Credit] Salary payable xxxx


What is the entry about paid an employee 1000 cash for two weeks salary earned.?

The journal entry for paying an employee $1,000 in cash for two weeks of salary would involve a debit to the Salary Expense account for $1,000, reflecting the expense incurred for the labor provided. Simultaneously, there would be a credit to the Cash account for $1,000, indicating the outflow of cash. This entry captures the recognition of the salary expense and the reduction in cash.


What is the journal entry of salary paid?

debit salary expensecredit cash