Interested to Buy Any Domain ? << Click Here >> for more details...
WE have paid two month Advance salary on dated 03 June 2010.
What will be journal entry inthe month of june for advance
payment. And what will be journal entry in the month of
july and August for salary adjustment.
- 5 Answers
- 8973 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / raj
ADVACE SALRY A/C DR 10000
TO BANK/ CASH 10000
( BEING ADVANCE PAID FOR THE MONTH OF JULYAND AUG 5K+5K IN
THE MONTH OF JUNE)
| Is This Answer Correct ? | 35 Yes | 0 No |
Answer / gagan singh
Advance Salary A/c RS. 20000/- DR
TO BANK/CASH RS.20000/- CR
BEING ADV AMOUNT PAID FOR M/O JUL & AUG'10 RS, 10K & 10k
RESPECTIVALY.
ENTRY FOR M/O JULY & AUG'10
SALARY A/C RS. 10000/- DR
Advance Salary A/c Rs. 10000/- CR
BEING AMOUNT OF ADV SLY ADJUSTED FOR SLY DUE IN M/O JUL'10
SAME AS M/O AUG'10
| Is This Answer Correct ? | 18 Yes | 0 No |
Answer / naveen
If Salary is 20000 p.m
in June
Salary Advance A/c Dr.40000
to Cash/ Bank A/c 40000
(Being the Adv. Salary paid for the month of July & Aug)
In july
Salary A/c Dr. 20000
to Salary Advance A/c 20000
(Being the Salary Advance recovered for July)
In August
Salary A/c. Dr. 20000
Salary Acvance A/c 20000
(Being the Salary Advance recovered for Aug )
| Is This Answer Correct ? | 13 Yes | 1 No |
Answer / bipinchandrajain
advance salary *****
To cash *****
(salary of july nd august paid in adv)
transaction for july
salary a/c dr ***
to adv salary ****
for august
salry a/c dr ****
to adv salary
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / chanchaldaw
Bank/Cash 10,000(cr)
Adv Salary 10,000(dr)
Being adv salary paid for the month of july & aug 5k+5k
| Is This Answer Correct ? | 3 Yes | 26 No |
Explain me the difference between public and private accounting?
How do you deal with a dishonoured cheque in the client trust account records. Manual or computer system?
in Tally accounting programme where should I can make ledger for Work in Progress? under which accounting head? Eg. Debit will be under Current Asset a/c and what about credit? whether it is under Purchase a/c? or under Income a/c?
How can pass the entry stock goods loss by fire or theft
What is journalizing?
how to make dd payment entry of insurance of rs 34755 dd made by cash
hi friends... what it is the journal entry to be passed when the loan sanctioned by one bank and same the cheque was deposited in another bank on same day.? thanks & regards
why accounting is important in business?
Please let me know in which Section we can disallow loss on sale of assets which has been debited in profit and loss account
2- What is the difference between cash book and journals?
what is accounting
What is the order of priority of the following. 1.Trial Balance,2.Sales Ledger,3.Journal Entry,4.General Ledger,5.Balance Sheet,6.Profit and Loss Account,7.Cash Flow and fund flows.
Audit 
