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please tell me debit credi entry , in respect of salary
advance and how to deduct,advance paid to employee

Answers were Sorted based on User's Feedback



please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to..

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

please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to..

Answer / madhu

at the time of salary paid in advance:

salary advance a/c Dr.
Bank/cash Cr.

At the time of salary paid

salary a/c Dr
salary advance Cr
salary payable Cr

Is This Answer Correct ?    4 Yes 0 No

please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to..

Answer / gulzar singh

entry is as below

On Advance payment of Salary:-

Prepaid Salary a/c Dr.
cash/bank A/c Cr.


when Salary actually Due and Paid.

Salary A/c Dr.
Prepaid salary A/c cr.
Cash / Bank A/c Cr.

Is This Answer Correct ?    9 Yes 6 No

please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to..

Answer / amit rathaur

at the time of salary paid in advance

prepaid Salary a/c Dr.
Bank/Cash
(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
xyz)

Is This Answer Correct ?    1 Yes 0 No

please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to..

Answer / dharmendra samal

at the time of salary paid in advance :

Advance against Salary Dr.
Bank / Cash Cr.

At the time of salary due :

Salary Dr.
Advance against Salary Cr.
Salary Payable Cr.

Is This Answer Correct ?    2 Yes 2 No

please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to..

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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