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if salary is paid what will be entry?

If it is given on advance?

If it is paid on delay

Answers were Sorted based on User's Feedback



if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / syed mohamed

1.Salary a/c dr

To Bank/Cash a/c

2.Advance Salary a/c dr

To Bank/Cash a/c

3.Arrears Salary a/c dr

To Bank/Cash a/c

Is This Answer Correct ?    13 Yes 0 No

if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / syed mohamed

1.Salary a/c dr

To Bank/Cash a/c

2.Advance Salary a/c dr

To Bank/Cash a/c

3.Arrears Salary a/c dr

To Bank/Cash a/c

Is This Answer Correct ?    6 Yes 2 No

if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / dolly

IF SALARY IS PAID

SALARY A/C DR
TO EMPLOYEE'S A/C
(BEING SALARY DUE)

EMPLOYEE'S A/C DR
TO CASH A/C
(BEING SALARY PAID)

IF SALARY IS GIVEN IN ADVANCE

EMPLOYEE'S A/C DR.
TO CASH A/C
(BEING SALARY IS GIVEN ON ADVANCE)

IF SALARY IS PAID ON DELAY

SALARY A/C DR.
TO EMPLOYEE'S A/C
(SALARY DUE)

EMPLOYEE'S A/C DR.
TO CASH A/C
(SALARY PAID ON DELAY)

Is This Answer Correct ?    2 Yes 0 No

if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / anuragupta

if paid then
Salary payble a/c dr.
To bank/cash a/c
if advance then
Advance salary a/c dr.
To Bank/Cash a/c

Is This Answer Correct ?    1 Yes 0 No

if salary is paid what will be entry? If it is given on advance? If it is paid on delay..

Answer / ammu

salary a/c.....Dr
To cash a/c
(Being salary paid)

Advance salary a/c....Dr
To cash a/c
(Being salary paid in advance)
Arrears a/c .......Dr
To cash a/c
(Being salary paid in delay0

Is This Answer Correct ?    1 Yes 2 No

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