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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/-)
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Answer Posted / sanjeev dogra
31st Jan.
Salary a/c Dr. 4000
To outstanding salry 4000
(Being salary payable for the m/o jan.)
28th feb.
outstanding salary a/c Dr. 4000
prepaid salary a/c Dr. 8000
Salary a/c Dr. 8000
To cash/Bank a/c 20000
(Being outstanding salary adjusted for the m/o Jan.and
salary paid for the m/o feb.and pepaid salary m/o march)
31st march
salary a/c Dr. 8000
To prepaid salary a/c 8000
(Bing salary adjusted in the m/o feb.)
| Is This Answer Correct ? | 18 Yes | 1 No |
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