Question

paid salary 5000 to ram but 1000 is still outstanding. journal entry? ​

Answer 1

Answer:

yes may be journal entry.

Answer 2

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☞ To salary outstanding a / c

☞ Salary A / c - Increase in expense

☞ Salary outstanding - Increase in Liability

☞ Salary account is closed by transferring profit to loss.

☞ Salary outstanding is shown on Liabilities side of balance sheet.