what is entry in the book in march and april for salary
which is paid in april for march month?

Answer Posted / vijay

In March JV will be passed as

Salaries A/c Dr. xxx
To Outstanding liabilities A/x Cr. xxx

In April -- March month salary will be paid so

Outstanding liabilities A/c Dr. xxx
To Bank/Cash A/c Cr. xxx

Is This Answer Correct ?    8 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the revenue recognition principle?

636


I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

1642


Do you know what is a cpa?

592


Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

1272


Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?

3540






what is basic general accounting.

1495


when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.

1478


our cheque to Arshad Khan was dishonored?

976


What is accounting & why it is used?

607


1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?

6782


What are the differences between contrast bookkeeping and accounting

625


How to pass the entry in tally for demolished of building?

2208


What is the treatment of claim settled by insurance company but still receivable in profit and loss account

829


Do you know what is double-entry accounting? Explain with an example?

600


what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.

3411