if salary is paid what will be entry?
If it is given on advance?
If it is paid on delay
Answers were Sorted based on User's Feedback
Answer / syed mohamed
1.Salary a/c dr
To Bank/Cash a/c
2.Advance Salary a/c dr
To Bank/Cash a/c
3.Arrears Salary a/c dr
To Bank/Cash a/c
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / syed mohamed
1.Salary a/c dr
To Bank/Cash a/c
2.Advance Salary a/c dr
To Bank/Cash a/c
3.Arrears Salary a/c dr
To Bank/Cash a/c
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / dolly
IF SALARY IS PAID
SALARY A/C DR
TO EMPLOYEE'S A/C
(BEING SALARY DUE)
EMPLOYEE'S A/C DR
TO CASH A/C
(BEING SALARY PAID)
IF SALARY IS GIVEN IN ADVANCE
EMPLOYEE'S A/C DR.
TO CASH A/C
(BEING SALARY IS GIVEN ON ADVANCE)
IF SALARY IS PAID ON DELAY
SALARY A/C DR.
TO EMPLOYEE'S A/C
(SALARY DUE)
EMPLOYEE'S A/C DR.
TO CASH A/C
(SALARY PAID ON DELAY)
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / anuragupta
if paid then
Salary payble a/c dr.
To bank/cash a/c
if advance then
Advance salary a/c dr.
To Bank/Cash a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
MEANING OF RED HERRITING
Tell me the types of accounts involved in double entry book-keeping?
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
how to account pre incorporation expenses
What is capital adequacy ratio? What is demat account?
IS CASH DISCOUNT/RECIVED IS OPERATING EXPENSE/INCOME?
what is mean by portfolio Management?
Expand ctc cheque?
ference between Reserve capital and capital reserve Capital-IQ 1 100
what is entry for salary paid in advance ?
What is the difference between perpetual and periodic inventory systems?
What are the types of Invoice Matching in AP