what is entry for salary paid in advance ?

Answer Posted / lucky

salary advance a/c DR 1000
TO cash a/c 1000

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

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

1112


How do you build a successful business relationship?

657


In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

1401


Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!

1728


What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1212






informance about performance is disclosed by

1815


if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1137


List out the stages of double entry system?

643


what is the Journal entry for credit card bill paid from same bank account

1258


What is the difference between inactive accounts and dormant account?

705


WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?

1406


what is share application money pending allotment?

3668


Which steps in Procurement to Pay process does FI documents get created.

1652


What is accounting

3853


What is the diffrent job&project accounting?

1475