please tell me debit credi entry , in respect of salary
advance and how to deduct,advance paid to employee
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Answer / k. phanindra kumar
On Advance payment of Salary:-
Prepaid Salary a/c Dr.
To cash/bank A/c Cr.
when Salary actually Paid.
salary a/c Dr.
To Prepaid Salary a/c
|Is This Answer Correct ?||8 Yes||0 No|
Answer / madhu
at the time of salary paid in advance:
salary advance a/c Dr.
At the time of salary paid
salary a/c Dr
salary advance Cr
salary payable Cr
|Is This Answer Correct ?||4 Yes||0 No|
Answer / amit rathaur
at the time of salary paid in advance
prepaid Salary a/c Dr.
(Being salary advance paid to xyz)
At the of salary due.
Salary a/c Dr.
Prepaid Salary Cr.
(Being advance adjusted in salary for the month of .... to
|Is This Answer Correct ?||1 Yes||0 No|
Answer / akshay kumar
Advance salary expenses ac dr
to cash/bank ac
at the time of salay payment
salary ac dr
to advance salary cr
to cash/bank cr
|Is This Answer Correct ?||0 Yes||0 No|
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