if a company has to pay the salary in the month of april for
the months of march,apil,and may to a person who joined in
the company on 15march.
what are the entries for the transaction ?
- 3 Answers
- 6910 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / chandu
march 31 the entry is
salary a/c dr
to salary payable a/c
at the time of salary paying
salary payable a/c dr
to cash a/c
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
fridge was capital or revenue?
Being BE student why you want to join bank?
plz send me a solved paper on SBI of clerk post
---------is the main or principle book of accounts
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
what are the suggestions to control NPA in rural areas?
please give the sbi bank clerk exam paper model in last five years?
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
cany anyone explaing what are the functions of an Account Officer/Manager?
how can i make transaction related to inflation account in sap ?
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
how to entery pass in tally when items damage(items insured)and claim to insurance co.
How can I find out my credit rating score for free?
Is advance paid wages has credit balance?
