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what would be the journal entry for outstanding salary of 15000 paid by advance salary of 25000??
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Answer / manoj mishra
Salary AC Dr
To Outstanding Salary AC
on payment: -
Out Standing Salary a/c ----Dr.
To Cash/Bank
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / indrani ghosh
salary a/c Dr. 15000
to outstanding/salary a/c. 15000
advance slary a/c Dr. 25000
to cash/bank a/c 25000
outstanding salary a/c Dr15000
to cash a/c 15000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / himanshu
how it would be outstanding if we already paid in advance.
Wrong question.
But for the advance salary the entry would be
DR... Prepaid salary
CR... TO Cash/Bank
AND For the outstanding salary the entry would be
DR.. salary exp.
CR... TO Salary Payable
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / siva
salary in advace ...DR 25000
To outstanding salary 15000
To cash 10000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / romit
SALARY AC DR
TO OUTSTANDING SALARY 15000
2. OS SALARY AC DR TO BANK 15000
3. SALARY AC DR TO ADVANCE SALARY 10000
3. ADVANCE SALARY AC DR TO BANK 10000
| Is This Answer Correct ? | 1 Yes | 2 No |
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