what is the entry for provission for salary t 31march and
1st april and payment
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Answer / parvez alam
SALARY A/C DR.
TO SALARY PAYABLE A/C CR.
(SALARY DUE )
SALARY PAYABLE A/C DR
TO BANK A/C/CASH A/C CR.
(BEEING PAID)
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / pradnya
XYZ [ employye name ] ---------Dr.
To Salary payble ---------Cr.
[ Provision on 31st march ]
Salary Payble ----------------Dr.
To Bank/ cash ----------cr.
[on 1st april payment entry ]
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / omesh.manhas
salary a/c dr
to salary payable
salary due for m//o march(on 31 march)
on payment:
salary a/c dr
To cash/bank
salary paid for m/o march.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / anand
For provision
Revinue ac DR 10000
To Sundry account 10000
For Payment
Sundry Account DR 10000
To Emp account 10000
| Is This Answer Correct ? | 1 Yes | 1 No |
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