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
can i material bill book in miro without vat on transport charges ?
Is financial accounting necessary?
what is the diffrence between cash flow & cash fund?
what are the limitations of accounting conventions
Which forms in use in service Tax, Excise duty and Vat for the return.
Hello friends, I want to sk that Is computer proficiency certificate necessary at the time of SBI clerk Interview?and all other guys who have cleared the nov 2009 exam and have got the bio data form please give replies,,, waiting for replies ,thank you.
What is the difference between lc and bg(letter of credit
What is vat adjustment?
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
How much mathematics knowledge is necessary or required in accounting?
Sir i want to ask that if the salary above 6500/- than also pf deduct.
Knowing what you know now, walk me through what you would do differently to drive even more success?
WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"
What are the differences between accounting and auditing?
Why do you want to be an accountant?