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When to pass journal entry for salary?

Anonymous

∙ 11y ago

Updated: 9/20/2023

debit salary expense
credit cash

Wiki User

∙ 11y ago

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What is salary journal entry?

debit salary expensecredit cash

What is the journal entry for accrued expense?

basic salary 21967 / salary of September

Why do you pass an journal entry?

For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.

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

Related Questions

How do you pass journal entry of salary payable?

salary account debtor to salary outstanding account

What is a journal entry of salary?

debit salary expensecredit cash

What is salary journal entry?

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 accrued expense?

basic salary 21967 / salary of September

What is the journal entry for salary?

[Debit] Salary expense [Credit] Cash / bank

What is the journal entry for salary not paid?

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

Why do you pass an journal entry?

For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.

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

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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