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please tell me debit credi entry , in respect of salary
advance and how to deduct,advance paid to employee

Answer Posted / k. phanindra kumar

On Advance payment of Salary:-

Prepaid Salary a/c Dr.
To cash/bank A/c Cr.

when Salary actually Paid.

salary a/c Dr.
To Prepaid Salary a/c

Is This Answer Correct ?    8 Yes 0 No



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