Pass entry for outstanding salry for the month of March paid in the month

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Question

Pass entry for outstanding salry for the month of March 
paid in the month of April

Question Submitted By :: Jakkaram

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Answer Posted By

Re: Pass entry for outstanding salry for the month of March paid in the month of April

Answer
# 1

The entry  should be-:

Salary a/c..........dr.

    To Outstanding salary a/c........cr.

Is This Answer Correct ?

3 Yes

0 No

Pranjal

Re: Pass entry for outstanding salry for the month of March paid in the month of April

Answer
# 2

Salary account Dr

To Outstanding salary account

or 

To Salary payable acccount
(Provision created for salary for the month of Mar)

entry to be passed in april

Outstanding salary account Dr.
or Salary payable acccount Dr

To Cash/Bank account
(salary paid for the month of Mar)

Is This Answer Correct ?

2 Yes

0 No

Swamydlj@rediffmail.com

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