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Salaries entries

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 May 2013 Dear Sir,

As said above subject,what is the entry for salaries before paying and after paying through cash & bank,for previous month and we can pass a journal entry also for this.

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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 May 2013 While salary accrual(i.e.month end): Dr: Salary Expenses Cr: Salary payable

On payment of salary: Dr: Salary payable Cr: Bank

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