Question

salary of outstanding​

Answer 1

Answer:

30 lack s per year friend

Answer 2

Answer:

Outstanding salary is a personal representative account. As per matching concept, salary is due but not yet paid. So, Unpaid salary to be shown as liability under 'Expenses Payable' or 'Salary Payable' in Balance sheet on liabilities side and on other aspect of dual entry to be placed in Profit & Loss Account.

Hope it helps ...