Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT
FINANCIAL PERIOD & AT THE TIME OF PAYING THE CASH

Answers were Sorted based on User's Feedback



WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT FINANCIAL PERIOD & AT THE TIME OF P..

Answer / faheem

1.At present

Salaries a/c Dr..

To Salaries payable a/c

(Being Salaries payable)


2.At the time of paying the cash

Salaries Payable a/c Dr

To Bank/Cash a/c

(Being outstanding salaries paid)

Is This Answer Correct ?    1 Yes 0 No

WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT FINANCIAL PERIOD & AT THE TIME OF P..

Answer / sandeep

dear,

you should pass an journal accounting entry, that is.
salary accounts debit, and credit the salary payable
account. @ the time of payment debit the payable account.

hope u understand.

thanks

Is This Answer Correct ?    1 Yes 1 No

WATS THE GENERAL ENTRY FOR OUT STANDING SALARIES,AT PRESENT FINANCIAL PERIOD & AT THE TIME OF P..

Answer / jitendra singh

By Salaries A/c
To Salaries Payable A/c
( Being salary payable)


When paying cash
By Salaries Payable A/c
To Cash A/c
( Being salary paid)






(

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

What is the difference between SL and GL ?

1 Answers  


expand N A V

4 Answers  


what is zero balance clearing a/c. why we r maintaining this a/c in sap fico

4 Answers   Reliance,


What is Financial?

2 Answers   Capital IQ,


Expand------BIFR

1 Answers  


Expand---------TRSP

2 Answers  


Expand ________GTIS

1 Answers  


3. In reviewing Corporate equity on a balance sheet, what effect be included in the description “Total Capital Stock” a) Par value of preferred b) Par value of common c) Paid in Capital excess of par value d) Both (a) and (b)

2 Answers   FactSet Systems,


How to Calculate HRA, CCA, PF, Transport allowances in Salary if i am getting Rs. 48000/- PM?

1 Answers   DTDC,


How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?

0 Answers   Exedy,


entries of Bills in advance and bills in arrears?

1 Answers   IBM,


Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet

0 Answers  


Categories