What is Journal Entry for Provision for Leave Salary
- 4 Answers
- 34281 Views
- Bescom, State Bank of Mysore SBM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ruman jha
Salary A/C Dr
To Provision For Leave Salary
(ii) Provision For Leave Salary A/C Dr
To Bank A/c
| Is This Answer Correct ? | 47 Yes | 7 No |
Answer / shameemudheen
1 Entry has to pass on every month end
Leave Salary DR
Provision for Leave salary CR
(Being Leave salary expenses)
2nd entry should pass agaist the first entry
Provision for Leave salary DR
Bank AC CR
(Being leave salary expenses paid from bank subject to provision made (specific month)
| Is This Answer Correct ? | 6 Yes | 0 No |
Principles of accounting
4 Answers Bank Of America, Genpact,
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
I have received 75000/- as retainership fees from ABC company but they have deducted TDs 10% and send me 67500/- my question is that what entry i have to pass in my books please help me
WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"
trial balance is not a conclusive..?
My company has taken a car loan from HDFC Bank, Assume 7.5 lacs. but it disbursed after deducted adv emi. how to pass the jv for that . Plz pass the entry
“The investment, financing and dividend decisions are interlinked”. Comment.
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
Which type of stock show in trail balance. Op. Stock or Cl. Stock & Why?
What will be the general entry for advance salary given?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.
Audit 
