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give journal entry for salary paid in company point of view? |
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Question Submitted By :: Sindujaramkumar |
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I also faced this Question!! |
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Answer Posted By |
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Re: give journal entry for salary paid in company point of view? |
Answer
# 1 |
Salary acount a/c DR
To Cash a/c
Salary is an expenses - debit
cash is going out - credit
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| Manoj Mal
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Re: give journal entry for salary paid in company point of view? |
Answer
# 2 |
Salary A/c........Dr. Amt
To Cash A/c Amt
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| Gaurav
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Re: give journal entry for salary paid in company point of view? |
Answer
# 3 |
Salary A/c................Dr
To Salary Payable A/c...Cr
& After paid
Salary Payble A/c..........Dr
To Cash/Bank A/c........Cr
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| Kiran
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Re: give journal entry for salary paid in company point of view? |
Answer
# 4 |
Salary A/c ......................Dr.
To Cash/Bank A/c
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| Nirakar
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Re: give journal entry for salary paid in company point of view? |
Answer
# 5 |
Salary A/c ........Dr. xxxx
To Cash/Bank A/c xxxx
If company pays salary in cash then cash will be credit and
similarly bank will be credit.
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| Gaurav Kuamr
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