WebJun 28, 2024 · Answer: Outstanding salary is a personal representative account. As per matching concept, salary is due but not yet paid. So, Unpaid salary to be shown as liability … WebAn Outstanding salary is a salary that is yet to be paid, that has to be paid. At the end of the financial year, it is recorded in two statements account first is profit and loss statement & …
Outstanding Expenses - Meaning, Examples, and FAQs - Vedantu
WebDec 22, 2024 · 28. Salary paid in cash during the current year was ₹30,000; Outstanding salary at the end of previous year was ₹2,000 and outstanding salary at the end of current … WebApr 9, 2024 · Outstanding expenses come under the head of Current Liability in the Balance Sheet. Outstanding expenses are these expenses that have been incurred in the current … magenta versus fuschia
Free Accounting Templates in Excel Smartsheet
WebMar 27, 2024 · Income Statement vs. Balance Sheet. Salaries, wages and expenses are vital components of your income statement, which lists everything you earned and everything … WebJul 26, 2024 · Strategic hiring and normal salary increases also ... BALANCE SHEET DATA(Dollars ... 413,542 Period end shares outstanding 19,456,312 19,445,363 19,337,662 ... WebMar 4, 2024 · Process to Account for Unpaid Wages. Accumulate hours worked. Multiply accumulated hours by applicable wage rates to arrive at gross pay. Multiply gross pay by … magenta voicemail gesperrt