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Question
What journal entry will be passed for outstanding salary?
Journal Entry
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Solution
| Journal Entry | ||||
| Date | Particulars | L.F. | Debit (₹) |
Credit (₹) |
| - | Salary A/c ...Dr. | - | ||
| To Outstanding Salary A/c | - | |||
| (Being salary due but not yet paid, treated as an outstanding liability) | ||||
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