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...

salary is paid to a person A wrongly twice a month and
after detecting the mistake the salary is paid to the right
person B.write the journal entry for the two sequences.

Answer Posted / sankar

1st METHOD
A's salary A/c Dr
to Cash/Bank A/c

Detecting entry :- Cash/Bank Account Dr.
to A's Salary Account


When salary paying to the right person B:- B's salary A/c Dr
to Cash/Bank A/c

2nd METHOD
A's salary A/c Dr
to Cash/Bank A/c

B'S SALARY A/C Dr.
To A's salary A/c

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is general accounting

2204


what is different between leaser of subsidary book and journal?

1974


The main financial accounting statements?

1087


How to create a liability for Service Tax in SAP

2847


Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.

2115


What is the difference between the accrual accounting and cash accounting?

1076


In accounting, vat abbreviates what?

1140


Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?

1076


Any body would tell me how to takeover withholding tax at the time of go live in sap fico

1526


My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance

1853


Explain financial accounting. What are its characteristic features?

1110


What knowledge should financial accountant have?

1128


How does Cheques work while processing it in SAP? What are the effects and the methods.

2210


Explain me where a cash discount should be recorded in journal entry?

3982


how calculate intrest on advance tax ? and penalty on vat?

2060