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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.
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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 |
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