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what is entry for salary paid in advance ?
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Answer / nitesh chaubey
profit & loss A/c .. ..Dr.
To salaries pay in advance A/c..
(being salaries payed in advance ....... rs.)
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sonu sharma (ca-final)
journal
Salary A/c Dr 25000
To Employee A/c 25000
(Being Salary Due)
Payment......
Advance Salary A/c Dr 10000
To Cash A/c 10000
(Being Advance Salary Paid)
Payment.........
Employee A/c Dr 25000
To Advance Salary A/c 10000
To Cash A/c 15000
Being Salary Paid)
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sandeep
journal Entry is........
Salaries a/c ... Dr
To salary Advance a/c..
Payment Entry is.........
Salary payable a/c... Dr
To Salaries a/c..
| Is This Answer Correct ? | 27 Yes | 26 No |
Answer / bijoy
salary advance a/c Dr.(under 'loans and advances' asset)
To, cash a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / aditya panigrahi
If Total Salary is 10,000/-
And Advance 5,000/-
Balance Payble Amt. 5,000/-
Then Entry Pass on Tally
1. Payment Voucher
Salaries A/c . Dr 5,000/-
to Cash / Bank A/c 5,000/-
2. On Payble Time Pass Entry on Payment Voucher
Saries Payble A/c Dr. 10,000/-
to Loan & Advacne A/c Cr. 5,000/-
to Csh / Bank A/c Cr. 5,000/-
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mohammed
Salary 10000
Paid in advance 2000
Salary Advance A/c Dr 2000
Cash 2000
When Paying Salary deduct advance with Simple entry is
Salary Account Dr 10000
To Cash 8000
To Salary Advance 2000
Salary Advance account will get knocked off.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mohammed sawaz sharief
FOR SALARY PAID IN ADVANCE ENTRY IS
SALARY A/C DR (UNDER HEAD INDIRECT EXPENSES)
TO SALARY PAID IN ADVANCE A/C (UNDER LOAN AND ADVANCES)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / suhail
first entry
salary advance a/c Dr 5000
cash/bank a/c Cr 5000
next entry
salary a/c Dr 20000
salary advance a/c Cr 5000
cash/bank a/c Cr 15000
| Is This Answer Correct ? | 0 Yes | 0 No |
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