please tell me debit credi entry , in respect of salary
advance and how to deduct,advance paid to employee
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Answer Posted / gulzar singh
entry is as below
On Advance payment of Salary:-
Prepaid Salary a/c Dr.
cash/bank A/c Cr.
when Salary actually Due and Paid.
Salary A/c Dr.
Prepaid salary A/c cr.
Cash / Bank A/c Cr.
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