What is the entry for Salary for the month of March if the
books closed on 31-03. Before 31st March and after 31st
March?
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Answer / indu
before 31 st march
salary a/c dr
salary payable a/c cr
after 31st march
Salary payable a/c dr
cash/ bank a/c cr
| Is This Answer Correct ? | 19 Yes | 2 No |
Answer / alok patnaik
The entry will be in the book of a/c before 31st march
p&l a/c....dr
to salary payable a/c
after 31st March
Salary Payable A/c Dr
to Cash A/c
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / arvind
On 31st March
Salary A/c Dr.
To Salary Payble A/c
After 31st March
Salary Payble A/c Dr.
To Cash/Bank A/c
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / dilip
before 31st march
salary a/c .........dr
To expenses payable
and aftrer 31st march
expeses payable........dr
To cash/ bank a/c
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / satyaki_raju@yahoo.com
Mr Mukesh
Mr Alok patnaik
Why you are debiting P&L
Mr Abhisekh according to you salries payable will not be
closed,Unnecessarly Expenses payable will be shown in
assets side
Mr Sondarraj the question is very much clear why
unnecessarly taking other allowances reserve into light
Thinkwell before you answer.
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| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / salman aslam
salary a/c Dr
salary payable a/c cr
salary payable a/c Dr
cash/bank a/c Cr
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / satyaki_raju@yahoo.com
On 31st March
salaries a/c dr
To Charges payable
(Being salaries transfered to charges payable account)
After 31 March
Charges payable a/c dr
To cash/bank a/c
(Being payment made for the march month salary)
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / mukesh
The entry will be in the book of a/c before 31st march
p&l a/c....dr
to salary payable a/c
| Is This Answer Correct ? | 7 Yes | 8 No |
Answer / abhishek
befor 31march
p&l a/c dr.
to salary payable a/c
after 31march
expences payable a/c dr.
to cash a/c
| Is This Answer Correct ? | 3 Yes | 5 No |
ON 31st March
Salary a/c DR
Salary @ Other allowances Reserve a/c CR
After 31st March
Salary @ Other allowance Reserve a/c DR
Cash / Bank a/c CR
| Is This Answer Correct ? | 2 Yes | 5 No |
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