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Raman site engineer joined on 1-1-2009 in the company with
an agreed salary of Rs 20000/-. On the joining date he was
given advance of Rs 50000/-agreeing for adeduction of Rs
7500/- for month from salary. Pass salary entry till
March,and let me know the advance balance as on 1st April
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Answer Posted / manjit mishra
when paid advance to raman
1/jan
salary advance (raman) dr. 50000
cash/bank cr. 50000
1/feb
salary a/c dr.20000
salary advance cr. 7500
cash / bank cr 12500
1/march
salary a/c dr.20000
salary advance cr. 7500
cash / bank cr 12500
31st march
raman ( salary for the month of march ) dr. 20000/
salary payable cr. 20000/
i april
salary payable a/c dr. 20000
salary a/c cr. 20000
salary a/c dr.20000
salary advance cr. 7500
cash / bank cr 12500
in April advance
advance salary balance 27500
ok
bye
| Is This Answer Correct ? | 3 Yes | 0 No |
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