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 / amit rathaur
at the time of salary paid in advance
prepaid Salary a/c Dr.
Bank/Cash
(Being salary advance paid to xyz)
At the of salary due.
Salary a/c Dr.
Prepaid Salary Cr.
(Being advance adjusted in salary for the month of .... to
xyz)
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