Answer / neelam

31st march:

Salary A/c Dr. Rs.xxx
To Outstanding Salary A/c cr. Rs.xxx
(Being 15days(Joining Dt.15th) salary to be paid)


30th april:

Outstanding Salary A/c Dr. Rs.xxx
Salary A/c Dr. Rs.xxx
Prepaid Salary A/c Dr. Rs.xxx
To Cash A/c cr. Rs.xxx
(Being O/s. Salary paid for the month of march, salary paid
for the month of april and Prepaid salary for the month of
May)


31st May:

Salary A/c Dr. Rs.xxx
To Prepaid salary A/c Cr. Rs.xxx
(Being May month salary now adjusted from Prepaid salary
a/c)

Answer / gopal singh mehta

For the Month of March Salary:
At the Time of Accrual:
Salary Exp Dr.
Salary Payable Cr.

At the time of payment:
Salary Payable Dr.
Bank/Cash Cr.

For the Month of Apr. & May.
At the time of payment of salary in the Month of Apr.
Prepaid Salary A/c Dr.
Bank/cash Cr.


If there is any mistake let me know.

Thanks,
Gopal Singh Mehta

Answer / chandu

march 31 the entry is
salary a/c dr
to salary payable a/c
at the time of salary paying
salary payable a/c dr
to cash a/c

Expand C E O

2 Answers   Microsoft, Reliance,

---

your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework

0 Answers  

---

How many Accounting have been issued by ICAI

2 Answers  

---

What are Mortgage Payment Problems?

0 Answers  

---

What is Exgratia???

1 Answers  

---

---

Is advance paid wages has credit balance?

0 Answers  

---

Expand ------AQIM

2 Answers  

---

What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?

0 Answers  

---

Office cash was stolen? state whether the following transcation is business transcation or non business transcation?

0 Answers  

---

who are a account

0 Answers  

---

let me know the difference between statement of affairs and balance sheet

6 Answers   JPMorgan Chase,

---

What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

0 Answers  

---