Interested to Buy Any Domain ? << Click Here >> for more details...
DEAR ALL,
HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN
ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c
AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know
whether it is correct or not. If correct, in my individual
ledger no entry is reflected. Alternatively, if I debit my
self and credit petty cash a/c it is reflected in the P & L
Account, but it is not an expense. and not reflected in the
balance sheet, but reflected in P & L. I think I need to
put a journal entry. Like debiting the salary account and
crediting the salary advance account. Is this correct or
not? Can any one help me please. my mail add:
cdvijay100@yahoo.co.in or kmlnkml@live.com
- 13 Answers
- 54728 Views
- I also Faced
- E-Mail Answers
Answer Posted / srinivas annavarapu
First step
while creating Salary Advance account in Tally you need to
create under "Loans & Advances" category. Then it will
appear in Balance sheet instead of P&L account.
And the entry would be
Vijay Salary Advance a/c DR
to cash a/c
| Is This Answer Correct ? | 23 Yes | 6 No |
Post New Answer View All Answers
Expand---------BPCD
what is joint venture?
Distinguish value andPrice
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.
what do you mean by financial analysis and technical analysis ?
Can i make invoice when my client apply for TIN Number ?
what are the seven accounting rules
what is mean by ledger
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
Who to create a budget on software company
What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?
What is Hot Issue Income for Hedge Funds?
what is contigent liabilities? whats it status in balance sheet?
i have need full detail of tds rules and forms submitted dovetails
what type of questions are asking for fund administration???
