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/-)
Answer Posted / shad
on 31 Jan.
Salary Dr. 4,000
outsanding Salary 4,000
on 28 Feb.
Adv.Salary a/c Dr. 20,000
To cash a/c 20.000
Outstanding salary Dr. 4000
Salary a/c 8,000
To advance Salary 12,000
on 31 march
Salary a/c Dr. 8,000
to Advance salary 8,000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what are your plans after completing your MBA (or) studies ?
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
Expand ________FIPB
Expand SOIT
What is Free Cash?
what is mba tell me the more benefits in mba
Data flow of Accounts payable to General ledger?
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
What is Financial planning?
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
Name some errors which can be detected by Trial Balance