what would be the journal entry for outstanding salary of 15000 paid by advance salary of 25000??
Answer Posted / indrani ghosh
salary a/c Dr. 15000
to outstanding/salary a/c. 15000
advance slary a/c Dr. 25000
to cash/bank a/c 25000
outstanding salary a/c Dr15000
to cash a/c 15000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Explain which account is responsible for interest payable?
what are the extraordinary items?
What are the effects of international accounting standards on accounting practices of developing nations?
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
Where do generally accruals appear on the balance sheet?
What is royalty reserve?
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
How to prepare HSD statements in tally
Do you know what is the importance of team work in this position?
Tell me what is “deposit in transit”?
what is t code of journal voucher report with amount?
What are the difference between Debit Memorandum and Credit Memorandum?
Tell me deferred taxation is a part of which equity?
I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule