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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 / radhika
jan 31
salary a/c dr 4000
to outstanding salary a/c 4000
feb 20th
outstanding salary a/c dr 4000
Prepaid salary a/c dr 16000
to Bank 20000
feb 28th
salary a/c dr 8000
to advance salary a/c 8000
march 31th
salary a/c dr 8000
to advance salary a/c 8000
| Is This Answer Correct ? | 1 Yes | 3 No |
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