what is entry for salary paid in advance ?
- 31 Answers
- 178877 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answer Posted / mohamed rafeek
Journal
Salary A/c 10000 Dr.
Salary Advance 2000 Cr.
Salary Payable 8000 Cr
Then Payment
Salary Advance 2000 Dr.
To cash 2000. Cr
Balance Payment
Salary Payable A/c 8000 Dr
To Cash 8000. Cr
| Is This Answer Correct ? | 15 Yes | 4 No |
Post New Answer View All Answers
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
Tell me what is the equation for acid-test ratio in accounting?
Explain me scrap value in accounting?
when receieve cheque from a party and we deposite cheque in bank how do this entry
What is a ledger?
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
Cash bill of sale so the company can deduct the amount.
plz can some one tel me "The concept of stock holder's equity and paid in capital".
Do you have any professional experience in this field?
Productive Investment is Working Capital. Is it correct?
Explain me what is assets minus liabilities?
Do you know what is the importance of team work in this position?
Tell us what is the abbreviation for the accounting terms debit and credit?
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
cash credit taken from bank then what is the general entry?
