debit salary expense
credit cash
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
debit salary payableCredit cash / bank
debit salary expensecredit cash
Salary payable A/c Dr 5000 To Cash Cr 5000
debit salary expensecredit cash
debit salary expensecredit cash
advance salary a/c dr to cash
The key word is "payable". This makes salary payable a liability until it is fully paid. There are two entries for a Salary Payable, the original Journal Entry to record when the payable occurs and the Adjusting Entry to record when the balance is paid. Entry to record: Salary Expense (debit) $$$ Salary Payable (credit) $$$ Entry to pay: Salary Payable (debit) $$$ Cash (credit) $$$ yes
debit salary expensecredit cash
debit salary expensecredit cash
End of March: DR Salary Expense CR Salary Payable Paid day on April DR Salary payable CR Cash
debit salary expensecredit cash