Accountancy, asked by harshkhattar99hk, 1 year ago

journal entrie of salary due

Answers

Answered by rakesh53082

Answer:

The concept of salary outstanding comes into picture due to accrual concept. Expenses are booked when they are incurred and not when they are paid. Salary A/c - Increase in expense - So it is debited. Salary Outstanding - Increase in Liability - So credited.

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