sir, i m working in an ngo as accountant but new. pleas
clear my doubt in tally. suppose 'a' salary is 5000. he
taken 3000 advance from salary and not returned. i paid a
cheque next month rest 2000. 'b' salary is 10000, taken 5000
advance from salary and returned so i paid him 10000 total
salary. what all to do in tally. is the following procedure
is ok or not?
- 5 Answers
- 6886 Views
- Banking, I also Faced
- E-Mail Answers
Answer Posted / gulzar singh
Case A : paid rs.3000 as advacne and salary is Rs. 5000.00
entry when paid advacne.
Mr. X ( assumed name) dr. 3000.00
Cash/ Bank A/c cr. 3000.00
( being cash paid as advance against salary)
When salary paid
Salary Expenses dr. 5000.00
Mr. X Cr. 3000.00
Bank A/c Cr. 2000.00
( being salary paid to mr. X after adjusting advance
rs.3000)
Case B : Paid Rs. 5000 as advace and salary is rs. 10000.
when paid advace
Mr. Y ( assumend name) Dr. 5000.00
Cash/bank a/c Cr. 5000.00
( Being paid advance)
when advence amonunt returend entery is
Cash/ bank A/c Dr. 5000.00
Mr. Y Cr. 5000.00
(Being amount refunded by Mr. y against advance)
When Salary is paid
Salary expensesa/c Dr. 10000.00
Cash/ bank a/c Cr. 10000.00
(Being salary paid to mr. Y for the month of ________)
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
why you want to lecturer
Define scrap value in accounting?
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
how to finalised the Balance sheet & profit & loss A/C
Do you know what is balance sheet?
What is the objective of the balance sheet?
What is debit and credit note?
how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.
what are the processes of account reconcillation
Explain what is double-entry accounting? Explain with an example?
why are accounting firms needed?
how sales invoices adjusted against advance received from Debtor?
as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary
