WebAug 5, 2024 · Question. Salary outstanding in the beginning of the year is Rs 10,000 and at the end of the year it is Rs 20,000, ... Salary is shown in (d) Liabilities side of Balance Sheet: 5. Salary Outstanding is show in (e) Deducted from Tournament Fund: 6. … WebMar 19, 2024 · Outstanding salaries are shown as: a) Added to Salaries while preparing P & L a/c b) Shown in liability side of Balance sheet. asked Mar 19, 2024 in Business Studies …
What Account is Salary outstanding - GeekInterview.com
WebMar 31, 2024 · Example 1: Salary paid during the year 2024-20 is ` 10,000 while ` 2,000 is still outstanding as on 31 st March 2024. Example 2: Salary paid during the year 2024-20 is ` 14,000 while ` 2,000 is paid in advance for 2024-21. Example 3: Salary paid during the year 2024-20 is ` 14,000 while ` 2,000 was outstanding as on 1 April 2024. WebApr 24, 2013 · Outstanding Salary is a personal account because it owes to the person and in Balance Sheet it will be treated as outstanding expense under liability head. Outstanding salaries is classified as one of the real accounts. outstanding salary is a representative personal a/c. Normally the salary should be given to the employees (person),..since the ... strictly come dancing hamza and jowita
Salary Payable: Definition, Example, Journal Entry, and More
WebSalary outstanding A/c Rs 5000 to be shown in the balance sheet on the liability side Salary A/c to be debited to profit and loss A/c by Rs 20,000. 1. Deal with mathematic question. Mathematics is a way of dealing with tasks that involves numbers and … WebOutstanding salary is shown as both a liability and by adjusting it in the Statement of Profit and Loss. Suggest Corrections. 0. Similar questions. Q. Outstanding salary is shown as … WebJul 27, 2024 · Outstanding salary is liability for an entity, hence it is shown under the head " Current Liabilities" in the balance sheet of an entity. Under Indirect Expense. In this blog we provide the solution of tally questions and answer and we guide how to … strictly come dancing glitter ball