Salaries due to staff 50 000

1.	Salaries due to staff 50 000
Answer» If you are asking for the journal entry, the: SALARY A/c ...... DR. 50,000 To Outstanding Salary A/c 50,000 (being salary outstanding) Or if you are asking for treatment in Balance sheet, then: It is a liability, so put it at left side in balance sheet, MEANS liability side. Or if you are asking for treatment in P&L A/c, then: It will be added to Salaries as an expense in P&L A/c at debit side, as following: Salary A/c 1,20,000 (+) Outstanding Salary 50,000 Thats all, still any doubts, ask me. Hope it HELPS you. :)

Answer»

If you are asking for the journal entry, the:

SALARY A/c ...... DR. 50,000

To Outstanding Salary A/c 50,000

(being salary outstanding)

Or if you are asking for treatment in Balance sheet, then:

It is a liability, so put it at left side in balance sheet, MEANS liability side.

Or if you are asking for treatment in P&L A/c, then:

It will be added to Salaries as an expense in P&L A/c at debit side, as following:

Salary A/c 1,20,000

(+) Outstanding Salary 50,000

Thats all, still any doubts, ask me.

Hope it HELPS you.

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