give journal entry for salary paid in company point of view?

Answer Posted / kiran

Salary A/c................Dr
To Salary Payable A/c...Cr

& After paid

Salary Payble A/c..........Dr
To Cash/Bank A/c........Cr

Is This Answer Correct ?    112 Yes 20 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How and by whom the Percentage of Depreciation is fixing?

1962


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

3768


you went outside to purchase vegetagles, suddently big rain came then what you will do

1654


You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

1040


Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return

1936






different between acconting and elective mathematics

1723


OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM

1545


can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com

1636


where we use the convetion of conservatisam in real life??

1575


What is Insider Trading ?

1710


What is PE ratio formula ?

1850


in which group under we will open donation and hamali weekly payment account or ledger

1593


is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me

1746


why cost center is assign to gl account in sap

1003


What is written off?

1657