how to pass the entry of advance paid to employee against salary
Answers were Sorted based on User's Feedback
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 |
What are the disadvantages of manual accounting?
advance received from customer what is the general entry
what is nature of bills receivabe AC
I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.
why are the company hire you.
Mr.A repaired a printer of a company and charge a bill of Rs.1200? The company paid Mr.A cheque of Rs.1080 and deduct Rs.120 in TDS after couple of day Mr.A received TDS certificate from the company. pass all the entries in the books of accounts.
what is Credit?
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
what is Service tax rate
TDS mening
how much deduction want while salary paid?
what is meant by bank OD A/c?