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    shweta gawankar's Avatar
    shweta gawankar Posts: 5, Reputation: 1
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    #1

    Aug 2, 2012, 07:13 AM
    What are the entry for outstanding salary?
    What are the entry for outstanding salary?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Aug 2, 2012, 05:40 PM
    Salaries are expensed upon payment, the only time an entry is made is at the close of an accounting period. An accrued payroll account is used to contain the credit side of the entry
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