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Journal entries

This query is : Resolved 
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(Querist)
02 January 2013
dear sir

if we paid salary for last month. how to passed entry
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CA Priyank Singhi

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CA Priyank Singhi (Expert)
02 January 2013 Salary Dr.
To Cash
(Being salary paid for....)

If you have created an outstanding liability account in the last month then the entry would be...

Outstanding Liability Dr
To Cash
(being salary paid adjusted against outstanding liability)
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