What's the general entry for Prepaid salary on 31st march?

Answer Posted / aneesh ramanath

Dr:prepaid salary to
Salary payable
April - salary payable to prepaid salary

Is This Answer Correct ?    4 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account

1566


while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited

1644


how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%

2130


HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

3007


What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.

1859






what is forecast

1135


if jj form not cancelled within 1hour,wat to do

1183


WHAT ARE EQUITY SECURITIES?

1619


Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?

1611


WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

2050


what is account & what is finance

1760


what can increase gearing?

1998


Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?

2850


Short answer on Amalgamation

1491


Short answer on Allowances

1510