"i have received half of the salary in advance and another
half in the end of month" what will be the journal entry for
this?
- 6 Answers
- 14368 Views
- ACS, Genpact, I also Faced
- E-Mail Answers
Answer Posted / shivashankar
There will be two entries for this entry
1. First advance half salary.
Dr. Advance (Name of the Person)Ram Lal A/c
Cr. Cash / Bank A/c
2. Second when you book salary
Dr. Salary Paid A/c
Cr. advance (Name of the person) Ram Lal A/c
Cr. Salary Payable A/c
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What are its characteristic features of financial accounting?
Assigning natural account to accounting seg. What will happen
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
all ques. related to accounts?
What are the uses of journal in accounting?
what is groups and and ledgers in tally can you give why we need to prepare them
what will be the possible question for an interview in account post as a fresher
What is compound journal entry?
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
total assets are equal to total liabilities in final accounts ?why?
What qualification do you need to become an accounting professional?
Why Company maintain's books of account?
Who created snapit accounting?
How do I charge bank charges on payments to clients
Which accounting applications are your familiar with?
