What is the entry for Salary for the month of March if the
books closed on 31-03. Before 31st March and after 31st
March?
Answers were Sorted based on User's Feedback
Answer / indu
before 31 st march
salary a/c dr
salary payable a/c cr
after 31st march
Salary payable a/c dr
cash/ bank a/c cr
Is This Answer Correct ? | 19 Yes | 2 No |
Answer / alok patnaik
The entry will be in the book of a/c before 31st march
p&l a/c....dr
to salary payable a/c
after 31st March
Salary Payable A/c Dr
to Cash A/c
Is This Answer Correct ? | 15 Yes | 1 No |
Answer / arvind
On 31st March
Salary A/c Dr.
To Salary Payble A/c
After 31st March
Salary Payble A/c Dr.
To Cash/Bank A/c
Is This Answer Correct ? | 8 Yes | 0 No |
Answer / dilip
before 31st march
salary a/c .........dr
To expenses payable
and aftrer 31st march
expeses payable........dr
To cash/ bank a/c
Is This Answer Correct ? | 10 Yes | 3 No |
Answer / satyaki_raju@yahoo.com
Mr Mukesh
Mr Alok patnaik
Why you are debiting P&L
Mr Abhisekh according to you salries payable will not be
closed,Unnecessarly Expenses payable will be shown in
assets side
Mr Sondarraj the question is very much clear why
unnecessarly taking other allowances reserve into light
Thinkwell before you answer.
In this context I would like to say one thing. I am atax
Practioner doing since 35 years. With a view to help and
encourage youth I composed 6 sets of papers based on
Accountancy and taxation.If interested please let me know
your e-mail
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / salman aslam
salary a/c Dr
salary payable a/c cr
salary payable a/c Dr
cash/bank a/c Cr
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / satyaki_raju@yahoo.com
On 31st March
salaries a/c dr
To Charges payable
(Being salaries transfered to charges payable account)
After 31 March
Charges payable a/c dr
To cash/bank a/c
(Being payment made for the march month salary)
Is This Answer Correct ? | 3 Yes | 3 No |
Answer / mukesh
The entry will be in the book of a/c before 31st march
p&l a/c....dr
to salary payable a/c
Is This Answer Correct ? | 7 Yes | 8 No |
Answer / abhishek
befor 31march
p&l a/c dr.
to salary payable a/c
after 31march
expences payable a/c dr.
to cash a/c
Is This Answer Correct ? | 3 Yes | 5 No |
ON 31st March
Salary a/c DR
Salary @ Other allowances Reserve a/c CR
After 31st March
Salary @ Other allowance Reserve a/c DR
Cash / Bank a/c CR
Is This Answer Correct ? | 2 Yes | 5 No |
What is letter of credit?
2 Answers State Bank Of India SBI,
what is reverse repo?
i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?
Expand RTGS
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
please proovide the answers for the reasons for the differences of cash book and pass book
how to work on CMA form in manufacturing compay as well as how to analysis working capital ?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5
Nature of training account with reason
Expand BFSI