Interested to Buy Any Domain ? << Click Here >> for more details...
WE have paid two month Advance salary on dated 03 June 2010.
What will be journal entry inthe month of june for advance
payment. And what will be journal entry in the month of
july and August for salary adjustment.
- 5 Answers
- 8968 Views
- I also Faced
- E-Mail Answers
Answer Posted / chanchaldaw
Bank/Cash 10,000(cr)
Adv Salary 10,000(dr)
Being adv salary paid for the month of july & aug 5k+5k
| Is This Answer Correct ? | 3 Yes | 26 No |
Post New Answer View All Answers
Role-specific management accountant job interview questions:
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
Tell me the meaning of long-term notes payable is or long term liabilities?
what do you consider to be the biggest challenge facing the accounting profession today?
What does the word credit mean in terms of accounting?
What is meant by calendar maintenance?
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
What does overhead mean in regards to accounting?
Explain me the difference between accounting and auditing?
What does an accurate trial balance suggest?
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
What is the use of form D in sale tax
Do you think accounting standards are mandatory and why?
