what would be the journal entry for outstanding salary of 15000 paid by advance salary of 25000??
Answer Posted / himanshu
how it would be outstanding if we already paid in advance.
Wrong question.
But for the advance salary the entry would be
DR... Prepaid salary
CR... TO Cash/Bank
AND For the outstanding salary the entry would be
DR.. salary exp.
CR... TO Salary Payable
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
is WCT aplicable on educational institutions also??????
how to prost entry for purchases with a bill
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
export sales contract and domestic sales contract? india's trade in commercial services?
service tax calculated on agreement value or market value whichver is higher for builders?
Tell me in accounting, vat abbreviates what?
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
Define tally accounting
How do you classify errors in accounting?
Follow up ageing balances of Debtors & Creditors and also Inventory
What are the features of financial accounting?
Mention what does the investment of personal assets by the owner will do?
accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
Write about the media role in daily life