Answer / suryakiran

Salary a/c Dr
To Salary payable a/c

Answer / divakar chaudhary

Salary A/c Dr
Salary Payable A/c Cr


Salary Payable A/c Dr
Cash/Bank A/c Cr

Answer / tejas birajdar

In the month of March we have to accrue this cost as the
expnese is pertianse to this month & which is not paid.
Month of March entry would be
Salary a/c dr xxx
To Salary payable a/c xxx
( Being accrual made for march)

In the April month the actual transaction took place so the
entry would be

Salary payable a/c Dr xxx
to Cash a/c xxx
(Being salary paid for the month of March)

Answer / gayathri

salaries A/c dr
to outstanding salaries a/c

Answer / vijay

In March JV will be passed as

Salaries A/c Dr. xxx
To Outstanding liabilities A/x Cr. xxx

In April -- March month salary will be paid so

Outstanding liabilities A/c Dr. xxx
To Bank/Cash A/c Cr. xxx

Answer / srinadh

Salary A/c Dr
To Salary payable A/c

Answer / omesh manhas

on 31 march entry will be:

salary a/c dr
To salary payable(employee)a/c.

Being salary due for m/o march.

In m/o april entry will be:

salary(employee)a/c dr
To cash/bank a/c

Answer / srinadh

Salary a/c Dr XXX
to Salary payable a/c XXX
(Being Salary payble for the Month of March)


Payment entry:

Salary payable a/c xxx
(Being salary paid for the Month of March)

Answer / omer

Any expenses like this you need to accrue it in the
particular month it self, then in April you have to DR
Salary and CR the Accrual

Answer / pankaj sasrswat

salary a/c Dr

To salary payble

what is entry for salary advance? salary entry mentioned by Indusial name

2 Answers  

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What is NEFT? and its Limit(if any)

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Subsidiary ledger and the benefit of making it, explain?

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how we maintain account for a coaching institute?

2 Answers