Journalise the following Entries?
Outstanding salary of rs. 20000/-
Prepaid insurance of rs. 5000/-

Answer Posted / anjali

Salary a/c dr. 20000
to outstanding a/c 20000
Prepaid insurance a/c dr. 5000
to insurance a/c 5000

Is This Answer Correct ?    73 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?

1619


we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.

1532


Is wct charged on firm or proprietors ?

1107


Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.

1196


what is the difference between tds tax code and tds tax type in sap fi

1315






is WCT applicable one time? and what will be rate of WCT in UP State?

1463


how form h fill up?

1951


how can I know the status of the service tax filing of my organisation when I don't have any details except St number. I want to know till what date the returns are filed etc as I have recently joined.

1610


How to calculate excise duty on mobile products?

1385


what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it

1841


in gujarat. whether Vat is applicable if H form issue ?

1846


I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

5410


anybody pls tell me about the service tax

1581


the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.

1641


what is Bank Stock Statement and which companies required bank stock statement, how can we make the bank stock statement

1389