please tell me debit credi entry , in respect of salary
advance and how to deduct,advance paid to employee
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Answer / k. phanindra kumar
On Advance payment of Salary:-
Prepaid Salary a/c Dr.
To cash/bank A/c Cr.
when Salary actually Paid.
salary a/c Dr.
To Prepaid Salary a/c
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / madhu
at the time of salary paid in advance:
salary advance a/c Dr.
Bank/cash Cr.
At the time of salary paid
salary a/c Dr
salary advance Cr
salary payable Cr
| Is This Answer Correct ? | 4 Yes | 0 No |
entry is as below
On Advance payment of Salary:-
Prepaid Salary a/c Dr.
cash/bank A/c Cr.
when Salary actually Due and Paid.
Salary A/c Dr.
Prepaid salary A/c cr.
Cash / Bank A/c Cr.
| Is This Answer Correct ? | 9 Yes | 6 No |
Answer / amit rathaur
at the time of salary paid in advance
prepaid Salary a/c Dr.
Bank/Cash
(Being salary advance paid to xyz)
At the of salary due.
Salary a/c Dr.
Prepaid Salary Cr.
(Being advance adjusted in salary for the month of .... to
xyz)
| Is This Answer Correct ? | 1 Yes | 0 No |
at the time of salary paid in advance :
Advance against Salary Dr.
Bank / Cash Cr.
At the time of salary due :
Salary Dr.
Advance against Salary Cr.
Salary Payable Cr.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / akshay kumar
Advance salary expenses ac dr
to cash/bank ac
at the time of salay payment
salary ac dr
to advance salary cr
to cash/bank cr
| Is This Answer Correct ? | 0 Yes | 0 No |
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