Question

) Paid to staff < 40,000 against outstanding salary of 60,000.​

Answer 1

Answer:

Outstanding Salary A/c   Dr   40000

       To Cash A/c                              40000

Explanation:

When the salary would have been due,then to record it in books the entry passed would have been- Salary A/c     Dr    60000

                                                   To Outstanding Salary A/c     60000

Thus now when it is being paid we will Dr outstanding salary A/c in order to reduce the expense credited earlier.

Answer 2

Answer:

given below

Explanation:

Outstanding Salary account ____dr. 40000

To cash account 40000