salary is paid to a person A wrongly twice a month and
after detecting the mistake the salary is paid to the right
person B.write the journal entry for the two sequences.
Answer Posted / sankar
1st METHOD
A's salary A/c Dr
to Cash/Bank A/c
Detecting entry :- Cash/Bank Account Dr.
to A's Salary Account
When salary paying to the right person B:- B's salary A/c Dr
to Cash/Bank A/c
2nd METHOD
A's salary A/c Dr
to Cash/Bank A/c
B'S SALARY A/C Dr.
To A's salary A/c
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is difference between Cash Flow and fund flow
What is use of statistics in accounting?
How create the invoices?
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
Describe a time when you have not met your goal?
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
What is meant by turnover?
give me examples of the accounting reports you have prepared
Please let me know Under head of Sales Advance?
Tell me about a situation where you showed determination?
What is the marginal cost formula?