Outstanding Salary is A Nominal Account Or A Real Account Or A Personal Account
Accrued Salary / Salary Payable / Outstanding Salary is a not a nominal account as it is t he salary outsta nding, accrued or payab le b y the compa ny to employees for w hat they performed duri ng t he accou nting b ut still the payme nt is not received from company. Outstanding salary is not a real account as it is related wit h natural persons or living persons. Actually, “Outstanding Salary” is a Representative Personal Account as it s hows each of the employee to whom the compa ny is liab le to pay against t he services re ndered. Also for more employees, account title as “Outstanding Salaries” for all of certain employees to w h om t h e company is liab le to pay during t he accou nting period. So, Outstanding Salary is a personal account and not a nominal or real account.