New emlpoyee was joined on 15th Jan and salary paid on 28th
Feb amt of Rs.20000/- and asked to give the Journal entry
for the Month of Jan, Fed and March (His Monthly Salary is
Rs.8000/-)
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Answer Posted / ankit
28 feb Outstanding salary.......dr. 4000
To salary 4000
28 feb salary a/c...............dr 4000
Prepaid expenses a/c.....dr 8000
To P & L a/c 12000
28feb- cash a/c...............dr 20000
To outstanding salary a/c 4000
To salary a/c 8000
To prepaid salary a/c 8000
| Is This Answer Correct ? | 3 Yes | 14 No |
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