Suppose A company is giving salary to its employees on 10th
of every month. So on which date the salary payable entry
will be passed/due also tell what will be the general entry
for salary payable
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Answer Posted / seema pandey
Salary Payable Entry will be passed on the month of the
End .
Journal Vouchers Date-31.12.2010
Salary ( Staff)A/c Dr.
To salary Payable(Employee name)
(By being salary payble for the month of November,2010)
When salary paid (10th of December,2010)
payment Voucher 10.12.2010
Salary (Employee Name)A/c Dr.
To cash/Bank.
( By Being salary paid for the month of November,2010 on
dated of 10.12.2010 by cheque or by cash.)
| Is This Answer Correct ? | 17 Yes | 6 No |
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