Answer Posted / satyaki_raju@yahoo.com
Respected Mali Plaease observe the question while answering
salary is an expenditure You need not bother to whom the
payment is made. You have mention it in the narration
Salary a/c dr
To bank
(Being salary paid to Ravi thru cheque)
According to your answer salary expenditure is under valued
and Ravi became your debtor
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Expand---------MNOP
what is circuit filter?
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
What is the defination of job costing, batch costing and contract costing?
fd redeem interest and principal entry in tally
Three steps for correction in BRS?
Straight line method to using Indian company names
how can i make configration relation with inflation in sap
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
How good are you at Finance?
what is Accounting Standers?
what is dieerence between capital cpapital structure