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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

plz send me the apptitude question papers of wipro

1678


What is SOX

1680


EXPAND___________INMA

1518


EXPAND___________IMF

1715


Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

2674






How and by whom the Percentage of Depreciation is fixing?

1954


EXPAND___________LNG

1548


Please do tell me about the questions which are asked at BACS FINAL ROUND.

1692


How good are you at Finance?

1653


Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

1976


Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

1468


Who to create a budget on software company

1792


in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule

2090


Explain about Fixed capital

1577


how can make configration related with electronic bank statment and how can i upload bank statment to system

1567