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What will be the general entry for advance salary given?

Answers were Sorted based on User's Feedback



What will be the general entry for advance salary given?..

Answer / mlv

Salary Advance A/c ...............dr
To Bank A/c

When Adjusting of salary advance.

salary A/c.............dr
To Salary advance A/c.

Is This Answer Correct ?    13 Yes 3 No

What will be the general entry for advance salary given?..

Answer / chandan

salary loan/advance a/c..................dr
To. Bank/cash A/c


(adjustment of advance/loan from salary)


salary A/c ..............................Dr
To Salary loan/advance A/c

Is This Answer Correct ?    1 Yes 0 No

What will be the general entry for advance salary given?..

Answer / aman

prepaid salary a/c dr
to salary a/c
(being salary paid advance)

Is This Answer Correct ?    1 Yes 2 No

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