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Dear Sir,
an employee going to leave his job and the employer giving him 3months salary of Rs. 45000, and giving 95000/- aginst full & Final Settlement . so tell me how i pass the entry.

Answers were Sorted based on User's Feedback



Dear Sir, an employee going to leave his job and the employer giving him 3months salary of Rs. 450..

Answer / deen dayal

Salary account Dr.140000
X account Cr. 140000

X account Dr 140000
Bank account Cr 140000

Is This Answer Correct ?    2 Yes 1 No

Dear Sir, an employee going to leave his job and the employer giving him 3months salary of Rs. 450..

Answer / saloni

Total amount=95000, salary=45000

Salarya/c dr. 45000
y a/c dr. 50000
To cash/bank a/c 95000

Is This Answer Correct ?    1 Yes 0 No

Dear Sir, an employee going to leave his job and the employer giving him 3months salary of Rs. 450..

Answer / leema rk pillai

salary a/c dr45000
x a/c dr 95000

bank 140000

Is This Answer Correct ?    3 Yes 5 No

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