how to pass the entry of advance paid to employee against salary

Answer Posted / raghu.v.

salary Advance Dr 5000
Cash/Bank Cr 5000

While adjusting Salary for same Person,

X salary a/c Dr 5000
salary Advance a/c Cr 5000

Is This Answer Correct ?    7 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?

1579


Hey can any body tell me..What are negative assets?

1617


Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????

977


How to make deductions of the employees from salary against the loan in AP module oracle R12

1689


is we can prepare any account for partnership in tally

3242






PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330

4561


rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.

1234


Tell me do you possess any knowledge about accounting standards?

605


goods worth rupees 440 distributes free among the poor?

1601


what is use of cost center category in tally ? why & when use this ? what is benfit ?

1639


Where do generally accruals appear on the balance sheet?

620


6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

1562


Why TDS not Deducted on Service tax amount of Rent.

1801


What are the steps involved in project implementation?

727


Why Company maintain's books of account?

1363