Accrued Payroll Journal Entry. Journal entries are the foundation for all other financial reports. Journal Entry Example Top 4 Examples Of Journal Entries In Accounting Journal Entries Learn Accounting Accounting Basics What is a Journal in Accounting. . Journal of accounting is named as the book of original entry. Understanding payroll accounting can take time. Used in a double-entry accounting system journal entries require both a debit and a credit to complete each entry. The accrual entry as shown next is simpler than the comprehensive payroll entry already shown because you typically clump all payroll taxes into a single expense account and offsetting. Depending on the terms and conditions of transaction goods sold in credit may be returned. Under payroll accounting the payroll executive makes entries under expense liabilities and assets. 6 Rules for Journal Entries. By Fatima Philippines Before you b...