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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 / himanshu agrawal
31st
jan salary a/c dr 4000
TO salary payable a/c 4000
( being salary in due )
28th
feb salary payable a/c 4000
advanced salary a/c 8000
salary a/c 8000
TO cash a/c 20000
( being salary paid )
31st
march salary a/c 8000
TO advanced salary a/c 8000
( being advanced salary is
adjusted )
| Is This Answer Correct ? | 3 Yes | 0 No |
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