New emlpoyee was joined on 15th Jan and salary paid on 28th
Feb amt of Rs.20000/- and asked to give the Journal entry
for the Month of Jan, Fed and March (His Monthly Salary is
Rs.8000/-) ?
- 4 Answers
- 5141 Views
- I also Faced
- E-Mail Answers
Answer Posted / rajender singh
31 jan salary a/c Dr. 4000
to Salary Payable 4000
28 Feb Salary A/c dr. 8000
To Salary Payable 8000
28 Feb Salary payable a/c dr. 12000
Salary Advance Dr. 8000
To Bank/Cash A/c 20000
31 March Salary A/c Dr. 8000
To Salary Payable 8000
31 March Salary Payable A/c Dr. 8000
To Salary Advance A/c 8000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Can I freeze my account?
Tell me about how you have left a position better than you found it
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
shares journal entries
What is re-financing in Letter of Credit settlement
Expand-------MTRS
how we could adj. the entries of prop. & firm in merging time
Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?
Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector
1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
what is differred tax liability? explain in detail with some example.
