what is entry for salary advance? salary entry mentioned by
Indusial name
- 2 Answers
- 4656 Views
- I also Faced
- E-Mail Answers
Answer Posted / dsrn murthy
The Accounting Entry for Salary Advance would be as
follows:-
Salary Advance Dr
To Cash/ Bank A/c
being Salary advance paid to Mr.ABCD
Salary A/c Dr
To Salary Advance A/c
To Cash/ bank (With the Amount remaing after adjusting
the advance already taken)
*NOTE: - It is adviseable not to create an account in the
name of the employ while paying advance. you can use the
Narration of the Journal entry to mention the name of the
employee to whom the advance was paid.
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
what is the difference between profit center area and business are.? please make me clear.
Do you know overhead in terms of accounting?
What is the purpose of a balance sheet?
How familiar are you with crm?
all GL Related Interview questions with answear
what do you mean by Firm
How Many Accounting Principale
how to create salary and pf statement in excel sheet?
What accounts are to be debited and credited in this case o
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.
I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com
Ledger Enteries
bank releted question interviw plz tel me
Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?
