Answer / rajat goel

for advance salary ..entry should be.
In payment voucher(press F5)
Dr. Advance salary(cost center should be open to that name)
Cr. cash/bank

and when actual time comes to pay salary, entry should be...
In Payment voucher (Press F5)

Dr.salary expenses
Cr.advance salary(with cost center to that name)
Cr.cash/Bank

Answer / b. kanakarao

1. You have to create a ledger Vijay salary Advance A/c
under ...Loans & Advances. No u make entry

Dr. Vijay salary Adv A/c 25,000
cr. Cash / Bank 25,000

2. While deducting advance from salary u have to make entry

Dr. Vijay Salary A/c 25,000
Cr. Vijay salary Adv. A/c 2,000
Cr. Cash / Bank 23,000

(Being the amount Paid to Vijay towards salary and deducted
Rs.2000/- for salary Adv.1st installment)

3. While deducting total advance at a from his salary, U
have to make entry....

Dr. Vijay Salary A/C 25,000
Cr. Vijay Salary Advance A/c 25000

(Being the amount adjusted his salary towards salary
advance)

Answer / altaf hussain

If you take a salary advance you have to create your
personal account and debit the amount to your personal
account. It means this amount is reflecting in the balance
sheet under sundry debtors. While creating the personal
account the account should be under current assets.

Journal Entry :

ABC account Dr
To Cash
(Being salary advance paid to Mr.ABC)

Answer / narayan

when u taking advance entry is salary adv a/c debited and
cash/bank credited.then at time of salary pass a jv salary
a/c debited salary adv a/c credited.at time of entry cost
centre must be taken.

Answer / mahendra

first entry payment is

Vijay a/c dr 25000/-
To cash /Bank 25000/-
(being advance salary paid to Vijay)

Second entry when Salary due-

journal entry
Salary a/c dr 25000/-
to Vijay a/c 25000/-
(Being salary paid to Vijay)

If Salary is 25000/-

Answer / samir

HI i want to create Salary account in Tally

here is fifteen staff what is the procedure

tell me

Answer / srinivas annavarapu

First step
while creating Salary Advance account in Tally you need to
create under "Loans & Advances" category. Then it will
appear in Balance sheet instead of P&L account.

And the entry would be
Vijay Salary Advance a/c DR
to cash a/c

Answer / ahmad

ADVANCE SALARY WILL BE OUR PREPAID EXPENSES AND SHOW ON
ASSETS SIDE OF BALANCE SHEET AND WILL BE ADJUSTED FULLY OUR
PARITLLAY AGAINST PAYROLL.
ENTERY WILL BE...
AT THE TIME OF ADVANCE
DR. ADVANCE SALARY AC 25000
CR. CASH/BANK AC 25000

AT THE TIME OF ADJUSTMENT

DR. PAYROLL AC 50000
CR. ADVANCE SALARY AC 25000
CR. SALARY AC 25000

Answer / mr. he

ABCD A/C 100
TO BANK A/C 100
(When Sal. Adv being madeby cheque)

SAL ADV A/C 100
TO ABCD A/C 100
(Amount being transferred to Sal Adv.)

CASH A/C 10
TO ABCD A/C 10
(If any advance refund in cash)

ABCD A/C 10
SAL ADV A/C 10
(Amount being transferred to Sal Adv.)

SALARIES A/C 1000
SAL ADV A/C 90
ABCD A/C 910
(Amount being adjusted to Salaries)

ABCD A/C 910
BANK A/C 910
(Payment of remianing salary)

Answer / iqubal khan

I HAVE TAKEN AN ADVANCE OF RS: 25000,
PARTY HAS DEBITED AND CREDITED THE CASH IN TALLY ,

INDIVIDUAL LEDGER ENTRY IN PASS BUT PARTY IS CREAT IN
LEDGER NO JOURNAL ENTRY PASS

Expand ------PASA

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