Answer / dsrn murthy

The Accounting Entry for Salary Advance would be as
follows:-

Salary Advance Dr
To Cash/ Bank A/c
being Salary advance paid to Mr.ABCD

Salary A/c Dr
To Salary Advance A/c
To Cash/ bank (With the Amount remaing after adjusting
the advance already taken)

*NOTE: - It is adviseable not to create an account in the
name of the employ while paying advance. you can use the
Narration of the Journal entry to mention the name of the
employee to whom the advance was paid.

Answer / manoj gupta

indiual a/c .....dr
to advance a/c

what is assest and liability? give examples

2 Answers  

---

Is the Bills payable is personal account ?

2 Answers   Income Tax, Josts Engineering Company,

---

Is there any different between Modvat & Cenvat...?

2 Answers   Coal India,

---

can u tell me what is the process of calculating closing stock?

4 Answers  

---

If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?

6 Answers  

---

What are the contingent liabilities ?

1 Answers  

---

When did Bonus shares issued?

10 Answers   Capital IQ,

---

what is the golden principles of accountin

2 Answers  

---

Explain what a deferred asset is and give an example?

0 Answers  

---

Define trade bills?

0 Answers  

---

What is consolidated financial statement.

9 Answers   Accenture, Capital IQ,

---

How do I charge bank charges on payments to clients

0 Answers   Cosmac,

---