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What is salary expense debit or credit?
You are a homosapien
Journal entry for income paid in advance?
Though I honestly never heard of a company paying a Salary in advance, the journal entry would be:Prepaid Salary (debit) $$$$Cash (credit) $$$$It would be like paying any other expense in advance, such as rent expense, insurance expense etc. You would debit a prepaid account for the amount while crediting your cash. Once the Salary is earned you would adjust the entry by Debiting Salary Expense and Crediting Prepaid Salary.
What is the journal entry for accrued payroll?
debit to payroll expense credit to accured payroll
What is the journal entries for salary is paid to him?
The journal entries for salary payments are (Dr = debit, Cr = credit): Dr Salary Expense (P&L) - Gross Salary Cr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Net Salary paid to employee Then when the salary deductions are paid over, usually the following month the entries are: Dr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Salary Deductions
What type of expensis in debit?
if you mean what type of expense is a debit, a debit is a liability, so therefore it is an expense.
Is wages due debit or credit?
wages is expense and expense is debit salary is income and income is credit
What is salary expense debit or credit?
You are a homosapien
What is the journal entry for salary?
[Debit] Salary expense [Credit] Cash / bank
What is the journal entry for salary not paid?
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
Journal entry for income paid in advance?
Though I honestly never heard of a company paying a Salary in advance, the journal entry would be:Prepaid Salary (debit) $$$$Cash (credit) $$$$It would be like paying any other expense in advance, such as rent expense, insurance expense etc. You would debit a prepaid account for the amount while crediting your cash. Once the Salary is earned you would adjust the entry by Debiting Salary Expense and Crediting Prepaid Salary.
What is the journal entry for accrued payroll?
debit to payroll expense credit to accured payroll
How do you calculate salaries?
1 :if we paid salary to employee then it will be expense for business 2 :and all expence are debit accourding to rule so salary is expense for busines it will be written on debit side and our cash/asset is decreasing so it will be credit entry is salaries to cash
What is the journal entries for salary is paid to him?
The journal entries for salary payments are (Dr = debit, Cr = credit): Dr Salary Expense (P&L) - Gross Salary Cr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Net Salary paid to employee Then when the salary deductions are paid over, usually the following month the entries are: Dr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Salary Deductions
What type of expensis in debit?
if you mean what type of expense is a debit, a debit is a liability, so therefore it is an expense.
What will be the journal entry if employee take stock in the place of his salary in tally?
Dr. Salary Expense/Payable Cr. Common Stock Cr. APIC - CS
How do you pass the journal entries for salary deductions?
[Debit] Salaries Expense [Credit] Salaries payable (balancing amount) [Credit] Deductions
Do salary have a debit or credit balance?
Salaries typically have a debit balance in accounting because they are considered an expense. When a company pays salaries, it debits the salary expense account, reflecting an increase in expenses. Conversely, the corresponding credit entry would usually be made to cash or wages payable, indicating a decrease in assets or an increase in liabilities.
