Answer / narendra kumar singh

There will be two entries for this in the books of employer:
1. entry at the time of paying salary advance (half month
salary)
Dr. Salary Advance A/c
Cr. Cash/Bank A/c

2. entry at the time of paying half month salary in the end
of the month.
Dr. Salary A/c (full monthly Salary)
Cr. Salary Advance A/c ( half salary)
Cr. Cash/Bank A/c

Answer / dheer singh rathore

There will be two entries for this in the books of employer:
1. entry at the time of paying salary advance (half month
salary)
Dr. Salary Advance A/c
Cr. Cash/Bank A/c

2. entry at the time of paying half month salary in the end
of the month.
Dr. Salary A/c (full monthly Salary)
Cr. Salary Advance A/c ( half salary)
Cr. Salary Payable A/c

Answer / rohit bajaj

At the time receive advance

Salary Advance Dr
cash/bank cr

At the end of month entry for salary due

Salary (full amt) Dr
salary Advance Cr
Esi Payable (If gross salary =15000 @1.75%) Cr
P f Payable (if Basic < = 6500 @12%) Cr
Salary Payable Cr

At the time of payment

Salary Payable Dr
Bank/cash cr

Answer / yogendra.c

In the books of Employee (Receiver)
----------------------------------
1. Advance Salary:
Dr. Bank A/c
Cr. Advance Salary from X Company A/c (Liability)

2. Regular Salary Receipt
Dr. Bank A/c
Cr. Salary Receivable A/c

3. Provision Entry
Dr. Advance Salary A/c
Dr. Salary Receivable A/c
Cr. Salary A/c

4. Closing Entry
Dr. Salary A/c
Cr. P&L A/c

In the books of Employer (Companies)
------------------------------------
1. Advance Salary
Dr. Advance Salary to Mr.Y A/c
Cr. Bank A/c

2. Provision Entry
Dr. Salary A/c
Cr. Advance Salary to Mr. Y A/c
Cr. Salary Payable A/c

3. Payment Entry
Dr. Salary Payable A/c
Cr. Bank A/c

4. Closing Entry
Dr. P&L A/c
Cr. Salary A/c

Any other doubts??
mail me at delip.yogendra@gmail.com

Answer / harish kumar

There will be two entries for this entry
1. First advance half salary.
Dr. Advance (Name of the Person)Ram Lal A/c
Cr. Cash / Bank A/c
2. Second when you book salary
Dr. Salary Paid A/c
Cr. advance (Name of the person) Ram Lal A/c
Cr. Salary Payable A/c


Advance Ram Lal account will be Nil.

Answer / shivashankar

There will be two entries for this entry
1. First advance half salary.
Dr. Advance (Name of the Person)Ram Lal A/c
Cr. Cash / Bank A/c

2. Second when you book salary
Dr. Salary Paid A/c
Cr. advance (Name of the person) Ram Lal A/c
Cr. Salary Payable A/c

Journal Entry:- Till taking for the months Rs 10000.

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