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New emlpoyee was joined on 15th Jan and salary paid on 28th
Feb amt of Rs.20000/- and asked to give the Journal entry
for the Month of Jan, Fed and March (His Monthly Salary is
Rs.8000/-)
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Answer / ankit
28 feb Outstanding salary.......dr. 4000
To salary 4000
28 feb salary a/c...............dr 4000
Prepaid expenses a/c.....dr 8000
To P & L a/c 12000
28feb- cash a/c...............dr 20000
To outstanding salary a/c 4000
To salary a/c 8000
To prepaid salary a/c 8000
| Is This Answer Correct ? | 3 Yes | 14 No |
Answer / abid ali
salary for the 15th jan
salaries outsanding a/c dr 4000
to outsanding expenses a/c 4000
salary received for the 15the jan in the month of feb
salaries a/c dr 4000
to cash 4000
salary for the feb
salaries outsanding a/c 8000
to outsanding expenses 8000
salary recieved for the feb in the march
salaries a/c 8000
to cash a/c 8000
salary for the month of march
salary outsanding a/c 8000
to outsanding expenses a/c 8000
salary for the month of march in april
salary a/c 8000
to cash a/c 8000
| Is This Answer Correct ? | 0 Yes | 12 No |
Answer / vidyasagar
january salary a/c..........Dr 4000
February salary a/c.........Dr 8000
March salary a/c ..........Dr 8000
To cash a/c 20000
| Is This Answer Correct ? | 2 Yes | 17 No |
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Audit 
