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What is the journal entry for the outstanding salary paid?
debit salary payableCredit cash / bank
What is the Journal entry for outstanding rent paid?
outstanding rent
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
Is salary payable a asset or liability?
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
What is the journal entry of salary paid?
debit salary expensecredit cash
What is the journal entry for the outstanding salary paid?
debit salary payableCredit cash / bank
How do you pass journal entry of salary payable?
salary account debtor to salary outstanding account
What is the entry for salary paid?
Salary a/c Dr To cash a/c
What is journal entry of paid salary?
debit salary expensecredit cash
What is journal entry of outstanding expenses paid?
[Debit] Outstanding expenses [Credit] Cash / bank
What is the Journal entry for outstanding rent paid?
outstanding rent
What is the journal entry for salary not paid?
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
Is salary payable a asset or liability?
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
What is the journal entry of salary paid?
debit salary expensecredit cash
What is journal entry of outstanding salary?
debit salary expensecredit salary payable
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 the journal entry for salary payable and what when salary is paid to him?
Salary payable A/c Dr 5000 To Cash Cr 5000
