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it is a credit

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14y ago

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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.


Is rent expense a debit or credit?

debit


Is Insurance Expense credit or debit?

Debit


Is an insurance expense a debit or credit?

Debit