39+ Paid Cash For Salaries Journal Entry Pics. If salary paid by cash than cash account credited. The credits for the entry go into the payables accounts, which include payroll taxes payable and net payroll payable, with the aggregate.

Journal Entry For Outstanding Expenses Example Tutortips Com from tutorstips.com

Journal entries are the first step in the accounting cycle. Since salary is the expense ( keeping in mind the accounting principal debit all the expenses) it is being debited and. Cash andbank accounts are real account ddebit whats come in and credit what goes out.

This video is about the aje required when payday is not the same as the end of the period.

This is a simplified entry to present the payment of salaries. You may want to accrue salaries & wages. (being salary paid from cash or bank). If you want to show 'salary payable' then simply pass journal entry as