"i have received half of the salary in advance and another
half in the end of month" what will be the journal entry for
this?
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Answer Posted / dheer singh rathore
There will be two entries for this in the books of employer:
1. entry at the time of paying salary advance (half month
salary)
Dr. Salary Advance A/c
Cr. Cash/Bank A/c
2. entry at the time of paying half month salary in the end
of the month.
Dr. Salary A/c (full monthly Salary)
Cr. Salary Advance A/c ( half salary)
Cr. Salary Payable A/c
| Is This Answer Correct ? | 13 Yes | 6 No |
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