Interested to Buy Any Domain ? << Click Here >> for more details...
DEAR ALL,
HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN
ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c
AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know
whether it is correct or not. If correct, in my individual
ledger no entry is reflected. Alternatively, if I debit my
self and credit petty cash a/c it is reflected in the P & L
Account, but it is not an expense. and not reflected in the
balance sheet, but reflected in P & L. I think I need to
put a journal entry. Like debiting the salary account and
crediting the salary advance account. Is this correct or
not? Can any one help me please. my mail add:
cdvijay100@yahoo.co.in or kmlnkml@live.com
- 13 Answers
- 54580 Views
- I also Faced
- E-Mail Answers
Answer Posted / rajat goel
for advance salary ..entry should be.
In payment voucher(press F5)
Dr. Advance salary(cost center should be open to that name)
Cr. cash/bank
and when actual time comes to pay salary, entry should be...
In Payment voucher (Press F5)
Dr.salary expenses
Cr.advance salary(with cost center to that name)
Cr.cash/Bank
| Is This Answer Correct ? | 82 Yes | 11 No |
Post New Answer View All Answers
in which group under we will open donation and hamali weekly payment account or ledger
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
why you choose accounting as your career ? ?
is indian bank or canara bank CBS brach?
What is meant by Nostro Reconciliation
What is Financial planning?
i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.
what are Blue-Chip companies?
what is the system of accounting and banking in cooperative bank?
Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .
what is the difference between sap and sas?
What will be entry pass in tally if TDS paid by Credit Card.?
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
Short Answer on ______Amortization
