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Journal Entry for Pension payable
OWURAKU
Oct 27, 2008, 05:54 AM
To post entry for Pension Payable, what would debit be? Credit Pension Payable for say 250.00, what is other side?
muslimrao
Oct 28, 2008, 12:07 PM
Pension expense (DEBIT) -- 250.00
Pension payable (CREDIT) -- 250.00