Tags Business Accounting and Bookkeeping

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What is the journal entry for the outstanding salary paid?

Updated: 4/28/2022

Wiki User

∙ 10y ago

Best Answer

debit salary payable
Credit cash / bank

Wiki User

∙ 9y ago

This answer is:

More answers

Wiki User

∙ 10y ago

yes

This answer is:

Add your answer:

Earn +20 pts

Q: What is the journal entry for the outstanding salary paid?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

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 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

Related questions

What is journal entry of paid salary?

debit salary expensecredit cash

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 journal entry for salary not paid?

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

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

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

What is journal entry of outstanding expenses?

Outstanding expenses are those which are yet to be paid in current financial year. Journal entry would be Expenses a/c dr to Outstanding expenses a/c Outstanding expenses should be crecdited because its a liability for the company.

What entry of outstanding salary paid?

[Debit] Accrued salary payable [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

Trending Questions

What to do if you owe state taxes because of an IRS aduit? How long does it take to get MN state tax refund if you efile and have it direct deposited to checking account? What happens if write a bounced check to marsh super market? How can the government prevent speculators from rushing into and out of a country's market and disrupting its economy? How to Change accounting method for long term contracts? Is the 14160 that you can earn when you retire at 62 gross or net pay? when classified information is in an authorized individuals hands, why should the individual use a classified document cover sheet? How many people make over 100 million dollars a year in income before taxes? Where do you send the 1099 Misc Copy 1 for NY state tax department? Can you use your bank statements in place of receipts? If I receive a W-2 from my employer and have received 2 1099's from side work out of state where do I report 1099 income? What is the formula for Total Revenue and Total Cost? Where do you mail your IRS form 941 for Georgia without payment? How long bankruptcy after discharged records stays? Who can freeze a bank account in Louisiana? What is a word for Total amount of pay before deductions? Definition of billing system? Is Proceed of sale An asset or liability? Difference between current account and call deposit account? Does a receipt have to be issued If you pay for a service are they obliged to issue you a receipt?

Still have questions?

imp

Previously Viewed

What is the journal entry for the outstanding salary paid?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.