If one person has been paid excess salary in particular
month. In next month we want to deduct the excess given in
last month what will be the entry,
Assume: excess given 2227
This month details : Gross 20058, PF 780, PT 200, and net
must be 16851
all effective figures must consider in entry
Answer Posted / sajeermoidu
xxx a/c........dr 16851
to cash/bank..........16851
salary a/c......dr 19078
pf a/c..........dr 780
pt a/c..........dr 200
to xxx....................16851
to salary adv a/c......... 2227
to pf payable a/c......... 780
to pt payable a/c......... 200
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
how will you create the posting periods 3 and 5 or 5and 7?
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
Expand--------CMTS
income from depreciated asset is profit or loss?
what's accounts payable
how many types of practice accounts?
why gross profit transfering to profit & loss account
What is Direct Debit
explain about mergers & aquisitions? asked on 30/7/09
How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Take me through the entire vendor cycle.
You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
How to increase our credit rating score quickly?