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Salry pai dto Sharma debited to Sharma account is it
correct.If not correct rectify it

Answers were Sorted based on User's Feedback



Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it..

Answer / satyaki_raju@yahoo.com

The question is to rectify the entry
Correct rectification is
salary a/c Dr
To Sharma A/c
(Wrong debit reversed)

Is This Answer Correct ?    25 Yes 2 No

Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it..

Answer / vikram

Salary a/c
to Cash or bank a/c

Is This Answer Correct ?    16 Yes 4 No

Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it..

Answer / vikram

Salary a/c
to Cash or bank a/c

Is This Answer Correct ?    11 Yes 6 No

Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it..

Answer / amarnath

The question is not clear.
Eventhough, juornal entry for salary is
salary a/c Dr
To sharma/Salary payable a/c
(in some companies crdited to employee or salary payablea/c)

When payment of salary the entry is

Sharma/salary payable a/c Dr
To Bank/Cash a/c or

Is This Answer Correct ?    7 Yes 3 No

Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it..

Answer / mitali jain

Original entry should have been made..

Salary a/c Dr.
To Cash a/c

But here as per question the entry which it have done is

Sharma a/c Dr.
To cash a/c

Means wrongly debited to sharma a/c and correctly credited
to cash a/c, so correction entry will be following..

Salary a/c Dr.
To Sharma a/c

Is This Answer Correct ?    3 Yes 0 No

Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it..

Answer / kannanslm

Salary is a nominal accounts, you have to follow the third rule

Debit all expenses and loses and credit all incomes and gains

sharma Salary a/c Dr
To Cash a/c Cr

Is This Answer Correct ?    0 Yes 1 No

Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it..

Answer / deepika

sharma'salary a/c dr
to sharma
(being salary paid to sharma)

Is This Answer Correct ?    0 Yes 2 No

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