what is entry for salary paid in advance ?

Answer Posted / musthafa musu melattur

Advance Salary A/C 1000.00 Dr.
Cash A/C 1000.00 Cr.

next entry is

Salary A/C 1000.00 Dr.
Advance Salary 1000.00 Cr.

Is This Answer Correct ?    255 Yes 40 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is payment written

1563


what is "goodwill" reserve and surplus and reserve with example

1598


what are the different types of expenditures considered for the purpose of accounting?

638


Sir how the enter of GST adjust of sales return

1199


Who is the sundry creditors

1138






A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10

1627


please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.

1827


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1105


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

1753


Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

1633


I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.

1639


how will you adjust voluntary seperation payment in cash flow statement

1634


Do you know retail banking?

749


the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?

2489


contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?

2166