give journal entry for salary paid in company point of view?

Answers were Sorted based on User's Feedback



give journal entry for salary paid in company point of view?..

Answer / manoj mal

Salary acount a/c DR
To Cash a/c

Salary is an expenses - debit
cash is going out - credit

Is This Answer Correct ?    221 Yes 14 No

give journal entry for salary paid in company point of view?..

Answer / kiran

Salary A/c................Dr
To Salary Payable A/c...Cr

& After paid

Salary Payble A/c..........Dr
To Cash/Bank A/c........Cr

Is This Answer Correct ?    112 Yes 20 No

give journal entry for salary paid in company point of view?..

Answer / gaurav

Salary A/c........Dr. Amt

To Cash A/c Amt

Is This Answer Correct ?    73 Yes 19 No

give journal entry for salary paid in company point of view?..

Answer / nirakar

Salary A/c ......................Dr.
To Cash/Bank A/c

Is This Answer Correct ?    55 Yes 6 No

give journal entry for salary paid in company point of view?..

Answer / md zafar ahmed

a) salary a/c....dr
    to mr abc a/c 

b) Mr. Abc A/c...dr
    to cash/bank a/c

Is This Answer Correct ?    32 Yes 4 No

give journal entry for salary paid in company point of view?..

Answer / thasleem ali

1. salary a/c dr

to salary payable a/c cr

(salary due for paid)


salary payable a/c dr

bank /cash cr

salary paid by cash or cheque

Is This Answer Correct ?    27 Yes 0 No

give journal entry for salary paid in company point of view?..

Answer / y.jaya narasimha rao

SALARY A/C - Dr
TO CASH A/C

BECAUSE SALARY IS THE EXPENSES THEN IT IS DEBIT
AND CASH IS GOING OUT THEN IT IS CREDIT

Is This Answer Correct ?    23 Yes 2 No

give journal entry for salary paid in company point of view?..

Answer / shashikala jm

Salaries a/c dr
To Cash/Bank a/c
(As it is based on company point of view in general say salaries a/c dr to cash /Bank a/c.)

Is This Answer Correct ?    11 Yes 1 No

give journal entry for salary paid in company point of view?..

Answer / gaurav kuamr

Salary A/c ........Dr. xxxx
To Cash/Bank A/c xxxx

If company pays salary in cash then cash will be credit and
similarly bank will be credit.

Is This Answer Correct ?    13 Yes 6 No

give journal entry for salary paid in company point of view?..

Answer / raju

when we paying salary ,,some times we didact TDS also ..

PER APPOSE PAYING SALARY TO SECURITY,,

SECURITY SERVICES A/C DR 5000
TO TDS ON SALARY AMOUNT 100
TO GROUP 4 ,SECURITY(PVT LTD) 4900

Is This Answer Correct ?    6 Yes 2 No

Post New Answer

More Accounting AllOther Interview Questions

What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

0 Answers  


Comments Elements in accounting

0 Answers  


What are the types of leverage?

7 Answers   Deloitte,


EXPAND___________NBFCS

0 Answers  


i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me

0 Answers  






EXPAND___________NTF

1 Answers  


EXPAND___________JPEG

2 Answers  


what is accounting

2 Answers  


Principles of accounting with atleast one example for each.

3 Answers   Franklin Templeton,


What is meant by the Ficititious Assets?

5 Answers   Cognizant, Wipro,


1. WHAT DOES SALES ON THE DEBIT SIDE OF A TRAIL BALANCE MEAN AND WHAT IS THE TREATMENT IN PREPARING TRADING PROFIT AND LOSS ACCOUNT. 2. IS IT POSSIBLE TO HAVE SALES ON THE DEBIT SIDE OF A TRIAL BALANCE.

1 Answers  


What is intra Company transactions? With an example

2 Answers   IBM,


Categories