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What is journal entry of outstanding salary?

Anonymous

∙ 16y ago

Updated: 11/3/2022

debit salary expense
credit salary payable

Wiki User

∙ 10y ago

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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 are the types of journal entry?

1 - General journal entry2 - Adjusting journal entry3 - Month end adjusting entry

Summary of -doctors journal entry by vikram seth?

jutk,jlbxvcvfgnghiuy

Why do you need to reverse a journal entry?

According to my understanding and my study in accounting, the reversal of journal entry merely is for the opening balances for a new year of accounting period

What is as journal entry?

Journal entry is the first record in books of accounts which shows any business transaction that occurred in past and it is also called "original entry" which provides basis for all other reports and statements.

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 Outstanding expenses journal entry?

Debit outstanding expensesCredit expenses payable

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 of outstanding expenses paid?

[Debit] Outstanding expenses [Credit] Cash / bank

What is the Journal entry for outstanding rent paid?

outstanding rent

What is the journal entry for accrued expense?

basic salary 21967 / salary of September

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

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