What will be the general entry for advance salary given?

Answers were Sorted based on User's Feedback



What will be the general entry for advance salary given?..

Answer / mlv

Salary Advance A/c ...............dr
To Bank A/c

When Adjusting of salary advance.

salary A/c.............dr
To Salary advance A/c.

Is This Answer Correct ?    13 Yes 3 No

What will be the general entry for advance salary given?..

Answer / chandan

salary loan/advance a/c..................dr
To. Bank/cash A/c


(adjustment of advance/loan from salary)


salary A/c ..............................Dr
To Salary loan/advance A/c

Is This Answer Correct ?    1 Yes 0 No

What will be the general entry for advance salary given?..

Answer / aman

prepaid salary a/c dr
to salary a/c
(being salary paid advance)

Is This Answer Correct ?    1 Yes 2 No

Post New Answer

More Accounting General Interview Questions

In our company we are making payment through X bank and again we opened a new account in Y bank and we deposited cash in this bank rs.10000.and cash is used from X bank. then what will be the entry & how to adjust with old bank

1 Answers   ABC,


ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.

7 Answers  


What are the accounting entries for branch accounts?

0 Answers  


what is abnormal loss???

3 Answers  


we deposited securoty to a party and now due to us interest amount then party deduct TDS on interest but we not recive cash or in bank he credited our account in his books so what will be the journal entries in our's books.

2 Answers  






what is casual receipt? is it exmpted in income tax?

0 Answers  


what is meaning of npv(net present value)

1 Answers   bscpl,


What is trade finance

3 Answers   Barclays, IBM, Manufacturing,


if issue the share capital what is entry pass the journal

5 Answers  


What is amortization..? Any examples pls..?

3 Answers  


What was your most complicated sales cycle in past positions?

0 Answers  


If Pass book & Cash Books Balances are showing same so are you need to BRS ?

17 Answers   Genpact, iGate,


Categories