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 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
Pass entry for outstanding salry for the month of March 
paid in the month of April
 Question Submitted By :: Jakkaram
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Pass entry for outstanding salry for the month of March paid in the month of April
Answer
# 1
The entry  should be-:

Salary a/c..........dr.

    To Outstanding salary a/c........cr.
 
Is This Answer Correct ?    3 Yes 0 No
Pranjal
 
  Re: Pass entry for outstanding salry for the month of March paid in the month of April
Answer
# 2
Salary account Dr

To Outstanding salary account

or 

To Salary payable acccount
(Provision created for salary for the month of Mar)

entry to be passed in april

Outstanding salary account Dr.
or Salary payable acccount Dr

To Cash/Bank account
(salary paid for the month of Mar)
 
Is This Answer Correct ?    2 Yes 0 No
Swamydlj@rediffmail.com
 
 
 

 
 
 
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