if A company pay salary to X 10000 after deduttion of 2000
advance and12% PF . what is the entry of it.
Answer Posted / s p yadav
Salary A/c Dr 12000/-
1.
To PF Employee Cont.A/c 780/-
To Employee Advance A/c 2000/-
To Salary Payable A/c 9220/-
Salary Booked on 31st March'2011
2.
Salary Payable A/c Dr. 9220/-
To Bank / Cash 9220/-
Salary Paid for the month of March_2011.
Is This Answer Correct ? | 7 Yes | 4 No |
Post New Answer View All Answers
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
Do you have any professional experience in this field?
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Tell me what is reversing journal entries?
What is trial balance? What does an accurate trial balance suggest?
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir
By saying, perpetual or periodic inventory system; what do we mean?
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
how to calculate the per unit cost of production
Tell me what is the difference between accumulated depreciation and depreciation expense?
How do you handle rejection?
What is your greatest achievement and why?
Who is considered the father of accounting?