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Salry pai dto Sharma debited to Sharma account is it
correct.If not correct rectify it
- 7 Answers
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Answer / satyaki_raju@yahoo.com
The question is to rectify the entry
Correct rectification is
salary a/c Dr
To Sharma A/c
(Wrong debit reversed)
| Is This Answer Correct ? | 25 Yes | 2 No |
Answer / amarnath
The question is not clear.
Eventhough, juornal entry for salary is
salary a/c Dr
To sharma/Salary payable a/c
(in some companies crdited to employee or salary payablea/c)
When payment of salary the entry is
Sharma/salary payable a/c Dr
To Bank/Cash a/c or
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / mitali jain
Original entry should have been made..
Salary a/c Dr.
To Cash a/c
But here as per question the entry which it have done is
Sharma a/c Dr.
To cash a/c
Means wrongly debited to sharma a/c and correctly credited
to cash a/c, so correction entry will be following..
Salary a/c Dr.
To Sharma a/c
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / kannanslm
Salary is a nominal accounts, you have to follow the third rule
Debit all expenses and loses and credit all incomes and gains
sharma Salary a/c Dr
To Cash a/c Cr
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / deepika
sharma'salary a/c dr
to sharma
(being salary paid to sharma)
| Is This Answer Correct ? | 0 Yes | 2 No |
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