Rs. 30,000 salary due to manager, but not paid. what will be
the journal entry for this transaction?
Answer Posted / sandeep reddy
salary a/c dr 3000
to outstanding salary a/c 3000
(salary debited as per nominal account
outstanding credited as per representative personal account)
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is a corporate chart of accounts and its purpose?
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
Mention what does the investment of personal assets by the owner will do?
Do you know what is a cpa?
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
what is the deference between depreciation explanation
Tell us what do you believe should be an important quality of an account executive?
describe the rule of garner vs murray and how it relates to the dissolution of a partnership
pls let me know double entry of 'LEASING"
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
Do you know company's payable cycle?
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Define fair value accounting?
Mention what are things will not be included in a bank reconciliation statement?