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/-) ?
- 4 Answers
- 5174 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / praveen singh
1) Jan Month Journal Entry:
Salary A/C Dr 4000
To Salary Payable A/c 4000
2) Feb Month Journal:
Salary Payable a/c Dr 4000
Salary a/c Dr 8000
Salary paid in advance Dr 8000
TO Bank A/C 200000
3) in March month:
Salary Account Dr 8000
To Salary paid in advance 8000
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / himanshu agrawal
31st
jan salary a/c dr 4000
TO salary payable a/c 4000
( being salary in due )
28th
feb salary payable a/c 4000
advanced salary a/c 8000
salary a/c 8000
TO cash a/c 20000
( being salary paid )
31st
march salary a/c 8000
TO advanced salary a/c 8000
( being advanced salary is
adjusted )
| Is This Answer Correct ? | 3 Yes | 0 No |
31 jan salary a/c Dr. 4000
to Salary Payable 4000
28 Feb Salary A/c dr. 8000
To Salary Payable 8000
28 Feb Salary payable a/c dr. 12000
Salary Advance Dr. 8000
To Bank/Cash A/c 20000
31 March Salary A/c Dr. 8000
To Salary Payable 8000
31 March Salary Payable A/c Dr. 8000
To Salary Advance A/c 8000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rajesh
Hai, Here u go!!!
1)
jan Month Journal
DR Salary 4000
Cr Salary Payable 4000
Narration : Being the 15 Days salary payable
2) Feb Month Journal
DR Salary 8000
Cr Salary payable 8000
Narration : being the Feb'08 Salary payable
3) Mar Month Journal
Dr Salary 8000
Cr Salary Payable 8000
Narration " being the Mar'08 Salary payable
| Is This Answer Correct ? | 3 Yes | 4 No |
WHERE ARE ISSUE H FORM?WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
difference between contra entry and double entry?
what is accounts receivable and accounts payable and how to use accounts receivable and accounts payable?
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
What is the nature of Outstanding Expenses?
9 Answers Campus Interview, RRDonnelley,
what is the gernal vocher ?
what do you mean by Bank reconcilation statement
29 Answers Accenture, BPO, Citi Bank, CitiGroup, DOC, Fullerton, Global Talent Track, Northern Trust, SGI, State Bank Of India SBI,
Golden rule for Nomianal Account?
I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code
EXPAND_________SCB
what happens if LIFO Price Increases?
Why we are prepaparing Debtors and Creditors list for more than lessthan 6 months at the year ending?
Audit 
