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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 else can I help you with?
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
What is the journal entry of salary paid to ram?
debit salary expensecredit cash
What is the journal entry for Advance Salary paid to ram through Bank?
advance salary a/c dr to cash
How do you post journal entry for employee health insurance paid by employer?
debit employee health insurancecredit cash / bank
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
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
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
What is the journal entry salary paid?
debit salary expensecredit cash
What is the journal entry of salary paid to ram?
debit salary expensecredit cash
What is the journal entry for Advance Salary paid to ram through Bank?
advance salary a/c dr to cash
How do you post journal entry for employee health insurance paid by employer?
debit employee health insurancecredit cash / bank
Journal entry for salary advance paid?
When an employee receives an advance on pay an asset account called employee advances is debited and the cash paid out is credited. When the advance is repaid then the applicable expense accounts are debited and the advance account is credited.
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 if cash is owing to staff in wages for work in march and paid on April?
End of March: DR Salary Expense CR Salary Payable Paid day on April DR Salary payable CR Cash
