Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
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.

Answer Posted / naveen

If Salary is 20000 p.m

in June
Salary Advance A/c Dr.40000
to Cash/ Bank A/c 40000
(Being the Adv. Salary paid for the month of July & Aug)

In july

Salary A/c Dr. 20000
to Salary Advance A/c 20000
(Being the Salary Advance recovered for July)

In August
Salary A/c. Dr. 20000
Salary Acvance A/c 20000
(Being the Salary Advance recovered for Aug )

Is This Answer Correct ?    13 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

1711


Tell me what is “deposit in transit”?

1027


What elements of your job do you find most difficult?

6849


Mention what are things will not be included in a bank reconciliation statement?

1139


What is the Full Procedure of Purchase ?

2076


Explain financial accounting.

1171


As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?

1066


under which accounting rule prepaid salary?

2192


What are the disadvantages of manual accounting?

1049


Explain financial accounting. What are its characteristic features?

1093


what are the different methods of teaching share and debenture to pre degree students

1935


WHAT ARE THE DIFFICULT ELEMENT OFF JOB

2154


What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).

1878


What is Time capital

2125


In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer

1871