Journal Entry for Salaries Paid

Salaries are the monetary remunerations the business gives to its employees in exchange for their services. Salaries Paid journal entry is passed to record the salary payments to employees by the business. Salaries are treated as an expense in the books of business, so when the salary is paid, the Salary account gets debited and the cash/bank A/c gets credited.

Salaries Paid Journal Entry

Journal Entry:

1. When Salary is Due:

2. When Salary is Paid:

Examples 1:

A salary of ₹50,000 is paid in cash after making deductions of Professional Tax ₹500, TDS ₹1,000, and Provident Fund ₹1,200. Record the necessary journal entry.

Solution:

Example 2:

A salary of ₹20,000 is paid through cheque. Record the necessary journal entry.

Solution: