Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


how to pass the entry of advance paid to employee against salary

Answers were Sorted based on User's Feedback



how to pass the entry of advance paid to employee against salary ..

Answer / raghu.v.

salary Advance Dr 5000
Cash/Bank Cr 5000

While adjusting Salary for same Person,

X salary a/c Dr 5000
salary Advance a/c Cr 5000

Is This Answer Correct ?    7 Yes 0 No

how to pass the entry of advance paid to employee against salary ..

Answer / satyakiraju

You better write the name of the person received Salary
Advance for clarity.
X salary advance
To Cash/Bank
You have to group the salary advance under Loans and
Advances(Asset)

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting General Interview Questions

hi friends how many types of vouchers there i know cash voucher, debit voucher, credit voucher, journal vourcher, purchase voucher, sales vouchers, if any other voucher is there pls tell me friends

4 Answers  


net worth is: 1)total assets less outside liabilities 2)total liabilities plus owner equity 3) current assets less current liabilities 4) total accumulated profit less liabilities choose correct and with deatail.

3 Answers  


what is the difference between back order and partial shipments?

1 Answers  


as we are working in erp jd edwards in this the company gives advances to their employee for expenses n receives the amount either by cash or receives the same by deducting the salaries wt type of accounting entry will be passed

3 Answers   ATS, L&T,


Do you know retail banking?

0 Answers  


WAT ARE ACCOUNTING PRINCIPLES

3 Answers  


what is journal entry of reserve for doutful debts.

3 Answers  


what role did you play in collections?

0 Answers  


Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

0 Answers  


what is difference between income and gain?

1 Answers  


Can you name any other accounting application?

0 Answers  


what is tds and rate of tds

1 Answers  


Categories