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what is entry in the book in march and april for salary
which is paid in april for march month?
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Answer Posted / tejas birajdar
In the month of March we have to accrue this cost as the
expnese is pertianse to this month & which is not paid.
Month of March entry would be
Salary a/c dr xxx
To Salary payable a/c xxx
( Being accrual made for march)
In the April month the actual transaction took place so the
entry would be
Salary payable a/c Dr xxx
to Cash a/c xxx
(Being salary paid for the month of March)
| Is This Answer Correct ? | 26 Yes | 1 No |
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