sir, i m working in an ngo as accountant but new. pleas
clear my doubt in tally. suppose 'a' salary is 5000. he
taken 3000 advance from salary and not returned. i paid a
cheque next month rest 2000. 'b' salary is 10000, taken 5000
advance from salary and returned so i paid him 10000 total
salary. what all to do in tally. is the following procedure
is ok or not?
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Case A : paid rs.3000 as advacne and salary is Rs. 5000.00
entry when paid advacne.
Mr. X ( assumed name) dr. 3000.00
Cash/ Bank A/c cr. 3000.00
( being cash paid as advance against salary)
When salary paid
Salary Expenses dr. 5000.00
Mr. X Cr. 3000.00
Bank A/c Cr. 2000.00
( being salary paid to mr. X after adjusting advance
rs.3000)
Case B : Paid Rs. 5000 as advace and salary is rs. 10000.
when paid advace
Mr. Y ( assumend name) Dr. 5000.00
Cash/bank a/c Cr. 5000.00
( Being paid advance)
when advence amonunt returend entery is
Cash/ bank A/c Dr. 5000.00
Mr. Y Cr. 5000.00
(Being amount refunded by Mr. y against advance)
When Salary is paid
Salary expensesa/c Dr. 10000.00
Cash/ bank a/c Cr. 10000.00
(Being salary paid to mr. Y for the month of ________)
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / bharathi
The Following Journals to be passed at the time of advance
paid to a and b
Staff Advance A - Rules (Debit the Receiver) Rs.3000
To Cash/Bank Rules (Credit what goes out) Rs. 3000
Staff Advance B - Rules (Debit the Receiver) Rs.5000
To Cash/ Bank Rules (Credit what goes out Rs.5000
The Following Journal to passed at the time of Receiving or
getting back advance from b
Cash/Bank A/c Rules (Debit What Comes in) Rs.5000
To Staff Advance B Rules (Credit the Giver) Rs.5000
The Following Journal to be passed at the time of making
payment of Salary to A & B
Salary A/c Dr. 5000 - Rules (Debit All Expenses&Losses)
To Staff Advance A 3000 Rules (Credit the Giver)
To Cash/ Bank A/C 2000 Rules (Credit What Goes Out)
(For A'S Salary Account) Explanation: Credited Staff
Advance A account due to we have not received or get back
the advance from Mr. A Hence, we are deducting Rs.3000 from
his salary and crediting the same to his advance account
and balance of Rs.2000 only paid towards his salary account.
Salary A/c Dr. 10,000 Rules (Debit All Expenses & Losses)
To Cash/ Bank A/c 10,000 Rules(Credit What Goes out)
(For B's Salary Account)
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / abc
(1)gross salary A/c Dr. 5000
to Staff advanced 3000
to salary payble 2000
(2) staff advanced A/c Dr. 10000
to employee B 10000
gross salary A/c Dr. 10000
salary payble 10000
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / raghu.(5th sem.b.com )aps evng
if 'a' Salary 5000 ,advance paid 2500
entries is
Salary In Advance To A 3000 Dr
salary(A) Dr 2000 Dr
To Cash/Bank a/c
(Being salary paid for the month of July-2012)
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / ravire
what i did is, i opened 2 ledgers under direct expenses head
namely sal to a and sal to b. 2 more ledgers under current
liabilities namely sal payable to a and sal payable to b.
for advance payment. for a - sal to a dr. to cash and for b
sal to b to cash. when b refunded - cash dr. to sal to b.
at end of month i passed journal entry as
sal to a 2000 dr.
sal to b 10000 dr.
to sal payable to a 2000
to sal payable to b 10000
and next month when sal paid to a and b
sal payable to a 2000 dr.
to cash 2000
sal payable to b 10000 dr.
to cash 10000
| Is This Answer Correct ? | 2 Yes | 3 No |
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