Question

salary of outstanding pass jounal entry​

Answer 1

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.⏪

Answer 2

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.