Holla friends.
I have 2 questions....
Please answer fast.....
Outstanding salaries are given in trial balance.
1. Where I have to record it trading or profit and loss account???
2.Which side Dr or cr side????
Answers
Answered by
22
Outstanding salaries is record in debit side of Profit and Loss a/c
Answered by
1
HIII......
@JESSEE...
U R ANSWER ♠.....
1 → OUTSTANDING SALARY IS RECORD IN
DR SIDE OF PROFIT AND LOSS AC
AND
IT IS A LIABILITY OF BUSINESS
[ BCOZ IT IS INDIRECT EXPENS OF BUSINESS ]
2 → OUTSTANDING SALARY IS A. EXPENS
THEREFORE IT IS WRITTEN IN DR SIDE OF TRIAL BALANCE.
MAYBE IT HELPS 4 U.........
→[ IF U LIKE MARK ME BRAINLIST ]
✓✓✓ ^_^. :-)
@JESSEE...
U R ANSWER ♠.....
1 → OUTSTANDING SALARY IS RECORD IN
DR SIDE OF PROFIT AND LOSS AC
AND
IT IS A LIABILITY OF BUSINESS
[ BCOZ IT IS INDIRECT EXPENS OF BUSINESS ]
2 → OUTSTANDING SALARY IS A. EXPENS
THEREFORE IT IS WRITTEN IN DR SIDE OF TRIAL BALANCE.
MAYBE IT HELPS 4 U.........
→[ IF U LIKE MARK ME BRAINLIST ]
✓✓✓ ^_^. :-)
Jessefrnd:
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abhi
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