Debit salary account
Credit cash / bank
salary account debtor to salary outstanding account
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.
debit salary expensecredit cash
debit salary expensecredit cash
debit salary expensecredit cash
debit salary expensecredit cash
basic salary 21967 / salary of September
[Debit] Salary expense [Credit] Cash / bank
Journal entry for opening a bank account
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
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.
debit salary expensecredit cash