what would be the journal entry for outstanding salary of 15000 paid by advance salary of 25000??
Answer Posted / romit
SALARY AC DR
TO OUTSTANDING SALARY 15000
2. OS SALARY AC DR TO BANK 15000
3. SALARY AC DR TO ADVANCE SALARY 10000
3. ADVANCE SALARY AC DR TO BANK 10000
Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
What accounts are to be debited and credited in this case o
Tell us what is your proudest accomplishment?
on the basis accounting,acounting is divided in to how many classes and what are they?
What is the purpose of financial statements?
discuss seperate determination concept
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me
What is recording damage inventory in books of account?
on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount
Tell me what do we mean by purchase return in accounting?
Tell us in balance sheet, where do you show tds?
Differentiate public and private accounting?
What is aggregate Liabilities ?
what is general accounting
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.