WebApr 24, 2013 · When the salaries are actually paid the liability would be debited and cash/bank credit. Outstanding Salary is expenses liability in nature therefore it is nominal … WebApr 4, 2024 · Scenario 1: If the outstanding balance of your Salary Advance or Preferred Line of Credit account is S$100 on 3 April 2024 and during the period of 3 to 5 April 2024 (both dates inclusive), no sums are credited to and no further withdrawals is made from your Salary Advance account or Preferred Line of Credit account, as the case may be.

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WebOutstanding expense are those expense which are due but not paid and to be added with the respective expenses head and shown as liability in the balance sheet. Any amount which … WebWhich of the following defines outstanding salary account? [A] natural personal account [B] artificial personal account [C] representative personal account [D] real account. Question. … bracelet jesus

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