Answer:
Outstanding salery A/c. Dr.
To Naresh
The journal entry for salary due is as follows:
Explanation:
As is the outstanding expense, so any increase in liability is credited and the expense account is debited.
The entry is
Naresh's Salary A/c.................Dr XXXX
To Outstanding Salary A/c......Cr XXXX
Outstanding expense is the expense which is due or outstanding in the present or current year but not paid or left unpaid.
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Answers & Comments
Answer:
Outstanding salery A/c. Dr.
To Naresh
Answer:
The journal entry for salary due is as follows:
Explanation:
As is the outstanding expense, so any increase in liability is credited and the expense account is debited.
The entry is
Naresh's Salary A/c.................Dr XXXX
To Outstanding Salary A/c......Cr XXXX
Outstanding expense is the expense which is due or outstanding in the present or current year but not paid or left unpaid.