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What will be the exact journal entry for payroll? What will be journal entry for payment of salaries?

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Question added by Nasir Hussain Kumbhar , Sr.Accounting and operation manager , JUBAILI AGROTEC LTD
Date Posted: 2016/04/06
Adnan Nawaz
by Adnan Nawaz , Senior Audit Associate , PriceWaterhouseCoopers

For recording payroll expense you should pass a entry

Dr Payroll expense 

Cr Salaries payable

 

At the time of payment your entry should be 

Dr Salaries Payable

Cr Bank / Cash

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