Salary Expense Closing Entry
Closing Journal Entry For Salary Expense Account In Accounting? Salary Expense is a Temporary Account and closed to Income Summary Account at the end of the accounting period. The closing entry to record salary expense is shown below: Income Summary a/c XXX Salary Expense a/c XXX (Salary Expense a/c closed to Income Summary Account) As salary expense account’s balance is debit, so to close it, we credit it and debit...