Answer / neelam

31st march:

Salary A/c Dr. Rs.xxx
To Outstanding Salary A/c cr. Rs.xxx
(Being 15days(Joining Dt.15th) salary to be paid)


30th april:

Outstanding Salary A/c Dr. Rs.xxx
Salary A/c Dr. Rs.xxx
Prepaid Salary A/c Dr. Rs.xxx
To Cash A/c cr. Rs.xxx
(Being O/s. Salary paid for the month of march, salary paid
for the month of april and Prepaid salary for the month of
May)


31st May:

Salary A/c Dr. Rs.xxx
To Prepaid salary A/c Cr. Rs.xxx
(Being May month salary now adjusted from Prepaid salary
a/c)

Answer / gopal singh mehta

For the Month of March Salary:
At the Time of Accrual:
Salary Exp Dr.
Salary Payable Cr.

At the time of payment:
Salary Payable Dr.
Bank/Cash Cr.

For the Month of Apr. & May.
At the time of payment of salary in the Month of Apr.
Prepaid Salary A/c Dr.
Bank/cash Cr.


If there is any mistake let me know.

Thanks,
Gopal Singh Mehta

Answer / chandu

march 31 the entry is
salary a/c dr
to salary payable a/c
at the time of salary paying
salary payable a/c dr
to cash a/c

What is networth?

6 Answers   Capital IQ,

---

what are the different causes for discrepencybetween the balance of cash book and pass book

0 Answers  

---

how to pass journal entry for vat paid in tally?

7 Answers  

---

what is a zip file

3 Answers   UBS,

---

what is MIGO and MIRO ?

1 Answers   Spencers,

---

Difference between Oracle financial consultant and Oracle financial Implementation

1 Answers  

---

what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

0 Answers  

---

EXPAND___________IMA

0 Answers  

---

Expand C C A

1 Answers  

---

How is the price of a particular product fixed. What are the considerations taken for that?

1 Answers   Genpact,

---

what you mean by landed cost?

2 Answers  

---

MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?

0 Answers  

---