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if salary is paid what will be entry?

If it is given on advance?

If it is paid on delay

Question Posted / shrinath

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if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / syed mohamed

1.Salary a/c dr

To Bank/Cash a/c

2.Advance Salary a/c dr

To Bank/Cash a/c

3.Arrears Salary a/c dr

To Bank/Cash a/c

Is This Answer Correct ?    13 Yes 0 No

if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / syed mohamed

1.Salary a/c dr

To Bank/Cash a/c

2.Advance Salary a/c dr

To Bank/Cash a/c

3.Arrears Salary a/c dr

To Bank/Cash a/c

Is This Answer Correct ?    6 Yes 2 No

if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / dolly

IF SALARY IS PAID

SALARY A/C DR
TO EMPLOYEE'S A/C
(BEING SALARY DUE)

EMPLOYEE'S A/C DR
TO CASH A/C
(BEING SALARY PAID)

IF SALARY IS GIVEN IN ADVANCE

EMPLOYEE'S A/C DR.
TO CASH A/C
(BEING SALARY IS GIVEN ON ADVANCE)

IF SALARY IS PAID ON DELAY

SALARY A/C DR.
TO EMPLOYEE'S A/C
(SALARY DUE)

EMPLOYEE'S A/C DR.
TO CASH A/C
(SALARY PAID ON DELAY)

Is This Answer Correct ?    2 Yes 0 No

if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / anuragupta

if paid then
Salary payble a/c dr.
To bank/cash a/c
if advance then
Advance salary a/c dr.
To Bank/Cash a/c

Is This Answer Correct ?    1 Yes 0 No

if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / ammu

salary a/c.....Dr
To cash a/c
(Being salary paid)

Advance salary a/c....Dr
To cash a/c
(Being salary paid in advance)
Arrears a/c .......Dr
To cash a/c
(Being salary paid in delay0

Is This Answer Correct ?    1 Yes 2 No

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