how to pass the entry of advance paid to employee against salary

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how to pass the entry of advance paid to employee against salary ..

Answer / raghu.v.

salary Advance Dr 5000
Cash/Bank Cr 5000

While adjusting Salary for same Person,

X salary a/c Dr 5000
salary Advance a/c Cr 5000

Is This Answer Correct ?    7 Yes 0 No

how to pass the entry of advance paid to employee against salary ..

Answer / satyakiraju

You better write the name of the person received Salary
Advance for clarity.
X salary advance
To Cash/Bank
You have to group the salary advance under Loans and
Advances(Asset)

Is This Answer Correct ?    1 Yes 0 No

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