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What is the entry for Salary for the month of March if the
books closed on 31-03. Before 31st March and after 31st
March?
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Answer Posted / dilip
before 31st march
salary a/c .........dr
To expenses payable
and aftrer 31st march
expeses payable........dr
To cash/ bank a/c
| Is This Answer Correct ? | 10 Yes | 3 No |
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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