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not for profit

CPT 232 views 3 replies
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10 Points Posted on 27 March 2019
how to adjust last year's outstanding salary in income and expenditure. A/C??
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On 27 March 2019 at 19:38 Report
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Student
1628 Points Posted on 27 March 2019
Salary A/c Dr.
To Salary Outstanding A/c
4 Reply
On 27 March 2019 at 20:01
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"Do the Right Thing...!!!"
128147 Points Posted on 27 March 2019
Outstanding Salary....??!
463 Reply
On 27 March 2019 at 21:15
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Practicing Chartered Accountant
2481 Points Posted on 27 March 2019
If last year salary is paid then following entries shall be passed :

Salary A/c Dr
to Bank A/c

and if salary is made payable or provision is made then :

Salary A/c Dr
to Employee A/c or Provision for Salary A/c
17 Reply
On 27 March 2019 at 23:21


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