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what is entry in the book in march and april for salary
which is paid in april for march month?
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Answer / divakar chaudhary
Salary A/c Dr
Salary Payable A/c Cr
Salary Payable A/c Dr
Cash/Bank A/c Cr
| Is This Answer Correct ? | 33 Yes | 6 No |
Answer / tejas birajdar
In the month of March we have to accrue this cost as the
expnese is pertianse to this month & which is not paid.
Month of March entry would be
Salary a/c dr xxx
To Salary payable a/c xxx
( Being accrual made for march)
In the April month the actual transaction took place so the
entry would be
Salary payable a/c Dr xxx
to Cash a/c xxx
(Being salary paid for the month of March)
| Is This Answer Correct ? | 26 Yes | 1 No |
Answer / vijay
In March JV will be passed as
Salaries A/c Dr. xxx
To Outstanding liabilities A/x Cr. xxx
In April -- March month salary will be paid so
Outstanding liabilities A/c Dr. xxx
To Bank/Cash A/c Cr. xxx
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / omesh manhas
on 31 march entry will be:
salary a/c dr
To salary payable(employee)a/c.
Being salary due for m/o march.
In m/o april entry will be:
salary(employee)a/c dr
To cash/bank a/c
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / srinadh
Salary a/c Dr XXX
to Salary payable a/c XXX
(Being Salary payble for the Month of March)
Payment entry:
Salary payable a/c xxx
(Being salary paid for the Month of March)
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / omer
Any expenses like this you need to accrue it in the
particular month it self, then in April you have to DR
Salary and CR the Accrual
| Is This Answer Correct ? | 2 Yes | 0 No |
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