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what is entry for salary paid in advance ?
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Answer Posted / smruti ranjan panda
Payment Entry
Salary Advance 2000 Dr.
To cash 2000. Cr
Journal Entry
Salary A/c 10000 Dr.
Salary Advance 2000 Cr.
Salary Payable 8000 Cr
When Payment Extra Amout
Salary Payable A/c 8000 Dr
To Cash 8000. Cr
| Is This Answer Correct ? | 18 Yes | 1 No |
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