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what is entry for salary paid in advance ?
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Answer Posted / jj
If salary is 5000/- and advance paid is 4000/-
1) Payment:-
Advance salary a/c ...Dr.1000
To Cash / Bank a/c...Cr....1000
for the balance payment:
2) Journal:-
Salary a/c ...Dr. 5000
To Advance Salary a/c Cr. 1000
To Cash / Bank ... Cr. 4000
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