as we are working in erp jd edwards in this the company
gives advances to their employee for expenses n receives the
amount either by cash or receives the same by deducting the
salaries
wt type of accounting entry will be passed
Answer Posted / anjali dev
at the time of advance giving
employee dr. and cash cr.
at the time of receiving
cash dr. employee cr. OR
employee dr. cash dr. salary cr
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
Explain me scrap value in accounting?
what is difference among credit, loan, advance
Describe the proof of cash type of bank reconciliation?
entry for cash received from debtors
Ledger Enteries
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
Explain fictitious assets?
What is a ledger?
Tell me what is gaap?
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?
MEANING OF RED HERRITING
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally