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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/-)
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Answer Posted / santosh kulkarni
28 th feb :- By Outstanding Salaries A/c Dr - 4000.00
By Salary A/c Dr - 8000.00
By Salary Advance A/c Dr - 8000.00
To Bank / Cash A/c Cr - 20,000.00
( Being outstanding 15 days Salary paid for the
month of Jan,salary for the month of Feb, and paid advance
against March month salary.)
31 March :- By Salaries A/c Dr - 8000.00
To Salary Advance A/c Cr - 8000.00
( Being Salary Advance received which is paid
in the month of Feb.)
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