Question

Salaries for the month of March, 1995 amounting to 33,000 were unpaid
which must be provided for what is the outstanding amount?
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Answer 1

Answer:

Example 1: Salary for the Month of Jan-18 Rs 50,000 due but not paid yet. The first account is salary, it will be treated as like simple expense entry shown below: Salary -> Expense a/c -> Expenses Rule ->Increase in Expenses -> Debit. The second account is due but not paid yet = Outstanding Salary.