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What is Journal entry to correct salary overpayment?

Updated: 4/28/2022

Wiki User

∙ 9y ago

Best Answer

debit cash / bank (with overpaid amount)
credit salary expenses

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Continue Learning about Accounting

What is the journal entry for overpayment of payroll taxes?

debit payroll taxesCredit cash

What is salary journal entry?

debit salary expensecredit cash

When to pass journal entry for salary?

debit salary expensecredit cash

What is the journal entry for accrued expense?

basic salary 21967 / salary of September

What is the journal entry of salary paid?

debit salary expensecredit cash

Related questions

What is the journal entry for overpayment of payroll taxes?

debit payroll taxesCredit cash

What is salary journal entry?

debit salary expensecredit cash

What is a journal entry of salary?

debit salary expensecredit cash

When to pass journal entry for salary?

debit salary expensecredit cash

What is journal entry of paid salary?

debit salary expensecredit cash

What is journal entry for salary account?

Debit salary accountCredit cash / bank

What is the journal entry for salary?

[Debit] Salary expense [Credit] Cash / bank

What is the journal entry for accrued expense?

basic salary 21967 / salary of September

What is the journal entry for salary not paid?

[Debit] Salary Expense xxxx [Credit] Salary payable xxxx

What is the journal entry for the outstanding salary paid?

debit salary payableCredit cash / bank

What is the journal entry of salary paid?

debit salary expensecredit cash

How do you pass journal entry of salary payable?

salary account debtor to salary outstanding account

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