Answer / nitesh chaubey

profit & loss A/c .. ..Dr.
To salaries pay in advance A/c..
(being salaries payed in advance ....... rs.)

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)

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..

Answer / bijoy

salary advance a/c Dr.(under 'loans and advances' asset)
To, cash a/c

Answer / kittu

advanced salary a/c Dr
To Bank a/c

Answer / lucky

salary advance a/c DR 1000
TO cash a/c 1000

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/-

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.

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)

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

Define offset accounting?

0 Answers  

in tally in contra is possible to create the ledger for rent

1 Answers  

If in Baance sheet Furniture is given @ rs.1200000. and an adjustment tells that half of the building is used for residential purpose... then what is treatment in accounts?

1 Answers   ICA,

Tell me in which account does the unpresented cheque will get recorded?

0 Answers  

What is net Facilities?

1 Answers   TCS,

What are the method of accounting?

7 Answers   Capital IQ,

how to reverse the receipt cash entry & contra is also passed for it in tally erp 9

1 Answers  

A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?

0 Answers   SEIL,

A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000

2 Answers   IMT, Wipro,

What is an operative accounts?

0 Answers  

what is addition of Opening Balance and net profit transfered from profit and loss account called?

1 Answers  

What information do you require before you approve an invoice for payment?

0 Answers