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Raman site engineer joined on 1-1-2009 in the company with
an agreed salary of Rs 20000/-. On the joining date he was
given advance of Rs 50000/-agreeing for adeduction of Rs
7500/- for month from salary. Pass salary entry till
March,and let me know the advance balance as on 1st April
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Answer / pawan
Salary a/c Dr. 20000.00
Raman's Advance a/c Cr. 7500.00
Cash / Bank a/c Cr. 12500.00
As on 1st April The Advance will be Rs. 27500/-
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vijay kumar
(1) Advance to emp (Loan & advance assest) Dr.50000
To Raman salary a/c (indirect exp) 50000
(2) Raman salary a/c Dr. 20000.00
To Advance to emp 7,500
To cash a/c 12,500
As on Ist April The Salary Advance WIll Be :27,500/-
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / pradeep giri
Ratan (salary a/c) dr. 20000
To Advance to Emp.(Loan & Lia.Assets) 7500
To cash A/c 12500
As on Ist April The Salary Advance WIll Be :27,500/-
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / a.madhu sudhan rao
Salary a/c Dr.20,000
TO Salary Advance 7500
TO cash 12500
As on Ist April The Salary Advance WIll Be :35,000/-
| Is This Answer Correct ? | 3 Yes | 4 No |
Professional fees of Rs.30000/- is paid to a consultant ABC & Co. please pass the necessary entry for the same
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