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 / amjad faqih
Advance Paid to Mr. Raman 50000/-
Under the loan & Advance a/c
1-1-2009
Loan & Advance (Parent a/c)
Raman- loan & Advance /c Dr 50000/-
To Cash/Bank cr 50000/-
Salary consider of Mr.Raman for January-09
31/01/09
Salary ( under G&A) a/c DR 20000/-
To Raman a/c( under accrued Salary) Dr 20000/-
paid salary to Mr.Raman on 01/02/09
Raman a/c ( under accrued Salary) Dr 20000/-
To Ramam -Loan & Advnace a/c Cr 7500/-
To Cash/Cheque a/c Cr 12500/-
( Being January month's salary paid to Raman, after
deducting the salary advance)
Salary consider of Mr.Raman for Feb-09
28/02/09
Salary ( under G&A) a/c DR 20000/-
To Raman a/c( under accrued Salary) Dr 20000/-
paid salary on 01/03/09
Raman a/c ( under accrued Salary) Dr 20000/-
To Ramam Loan & Advnace a/c Cr 7500/-
To Cash/Cheque a/c Cr 12500/-
( Being February month's salary paid to Raman, after
deducting the salary advance)
Salary consider of Mr.Raman for March-09
31/03/09
Salary ( under G&A) a/c DR 20000/-
To Raman a/c( under accrued Salary) Dr 20000/-
paid salary on 01/04/09
Raman a/c ( under accrued Salary) Dr 20000/-
To Ramam Loan & Advnace a/c Cr 7500/-
To Cash/Cheque a/c Cr 12500/-
( Being March month's salary paid to Raman, after
deducting the salary advance)
Now the advance balance of Raman a/c as on Ist April 27500/-
and as following
1- the particular person's salary of Mr. Raman paid or not
paid or partial paid in his Raman salary a/c under accrued
salary a/c
2- Raman Loan & Advance a/c will show remainin balance
27500/- under loan and advance a/c
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