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
- 54093 Views
- I also Faced
- E-Mail Answers
Answer Posted / srinivas annavarapu
First step
while creating Salary Advance account in Tally you need to
create under "Loans & Advances" category. Then it will
appear in Balance sheet instead of P&L account.
And the entry would be
Vijay Salary Advance a/c DR
to cash a/c
| Is This Answer Correct ? | 23 Yes | 6 No |
Post New Answer View All Answers
how will i develop my fears in interviewd?
what is ZBA hold & balance hold in banking?
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
Please do tell me about the questions which are asked at BACS FINAL ROUND.
how to entery pass in tally when items damage(items insured)and claim to insurance co.
i have completed my MBA with finace background. am intrested to learn oracle finace.can you suggest me which are good instittues in hyderabad.at area wise.
Expand---------MRDT
what is differred tax liability? explain in detail with some example.
what is the process of excise duty?
Short answer on _______Amendment
Define The Term Journal And Explain The Present Day Use?
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
shares journal entries
