what would be the journal entry for outstanding salary of 15000 paid by advance salary of 25000??
Answers were Sorted based on User's Feedback
Answer / manoj mishra
Salary AC Dr
To Outstanding Salary AC
on payment: -
Out Standing Salary a/c ----Dr.
To Cash/Bank
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / indrani ghosh
salary a/c Dr. 15000
to outstanding/salary a/c. 15000
advance slary a/c Dr. 25000
to cash/bank a/c 25000
outstanding salary a/c Dr15000
to cash a/c 15000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / himanshu
how it would be outstanding if we already paid in advance.
Wrong question.
But for the advance salary the entry would be
DR... Prepaid salary
CR... TO Cash/Bank
AND For the outstanding salary the entry would be
DR.. salary exp.
CR... TO Salary Payable
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / siva
salary in advace ...DR 25000
To outstanding salary 15000
To cash 10000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / romit
SALARY AC DR
TO OUTSTANDING SALARY 15000
2. OS SALARY AC DR TO BANK 15000
3. SALARY AC DR TO ADVANCE SALARY 10000
3. ADVANCE SALARY AC DR TO BANK 10000
| Is This Answer Correct ? | 1 Yes | 2 No |
Explain what is liabilities and what all does include in current liabilities?
What is an over accrual?
What is vendor?
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
what is depreciation
WHAT TYPE OF QUESTION WILL YOU ASK IN INTERVIEW BECAUSE IAM FRESHER
2 Answers Bank of Baroda, State Bank Of India SBI, Vserve,
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
what is the meaning of the amortization
What is the meaning of Journal Voucher? when u have to use this transaction tell me breif?
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
What is general entry credit purchase with discount?