Salary outstanding account
What type of Account is Salary outstanding? What do you think, it is real or personnel or the nominal account?
Expert
The Salary outstanding is an administrative expense or instead an indirect expense. When the salary outstanding is associated to preceding year then it shall be debited to gain and loss account as an expenditure and the amount associated to present year shall be illustrated as present liabilities beneath the liabilities side of the balance sheet. As far-off as it is real, the nominal or personnel is concerned, this is nominal account as the golden or best rule of accounting for nominal is debit all operating expense and losses and credit all the incomes and profits.
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