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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?

Answer Posted / soundararaju

ON 31st March

Salary a/c DR

Salary @ Other allowances Reserve a/c CR


After 31st March

Salary @ Other allowance Reserve a/c DR

Cash / Bank a/c CR

Is This Answer Correct ?    2 Yes 5 No



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