Salary of rs 84000 is paid for 10 months in year. Calculate outstanding salary
Answers
1,08,000
84000/10= 8400
2 months 16800
84000+16800
=1,08,000
Answer:
The outstanding salary is 1,08,000.
Explanation:
Step : 1 Salary of rs 84000 is paid for 10 months in year,
1,08,000
84000/10= 8400
2 months 16800
84000+16800
=1,08,000
The unpaid wage for the current year is Rs. 2000.
Outstanding salary is equal to the monthly wage multiplied by two.
Therefore, there is Rs. 2,000 in unpaid wages for the entire year.
Calculate the overdue salary for a salary of Rs. 99000 paid over 9 months in a year. The pay that is still owed is Rs. 33,000.
Step : 2 Unpaid salaries are considered a personal account rather than a nominal account. This account is a representation of all the accounts for people whose salaries are still owed and have not yet been paid. Salary payments are reported on the credit side of the profit and loss account, while unpaid salaries are shown on the liabilities side of the balance sheet and are added to salaries in the profit and loss account when they are disclosed in extra information.
Step : 3 A personal representative account is unpaid wages. Salary is due but not yet paid in accordance with the matching idea. Therefore, unpaid wages must be included as a liability in the balance sheet's liabilities section under "Expenses Payable" or "Salary Payable," and all other aspects of the dual entry must be recorded in the profit and loss account.
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