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Subjects>Business>Accounting

What entry of outstanding salary paid?

Updated: 4/28/2022

Wiki User

∙ 9y ago

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[Debit] Accrued salary payable

[Credit] Cash / bank

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∙ 9y ago

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∙ 9y ago

[Debit] Accrued salary payable
[Credit] Cash / bank

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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

Related questions

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 Journal entry for outstanding rent paid?

outstanding rent

What is journal entry of outstanding expenses paid?

[Debit] Outstanding expenses [Credit] Cash / bank

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 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 journal entry of outstanding salary?

debit salary expensecredit salary payable

What is the journal entry of salary paid?

debit salary expensecredit cash

What is the journal entry salary paid?

debit salary expensecredit cash

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

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