Rs. 30,000 salary due to manager, but not paid. what will be
the journal entry for this transaction?
Answer Posted / anah agarwal
Salary A/C Dr. 30000
To salary payble A/C 30000
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
What is the difference between cost accounting management accounting and financial accounting?
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
what is consumer product accoutning?
What is a business transaction in accounting?
What is your greatest achievement and why?
What is the difference between personal account real account and nominal account?
Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?
Have you ever made mis reports and what are they?
What is meant by daily accrual and booking?
Define offset accounting?