What is Acquisition?
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Does a M.Com graduate earn Rs25000 per month?
is India apply IFRS now?
journal entry for depreciation
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What is investment bankig ?
Distinguish value andPrice
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How is SENSEX calculated?
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How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
WHAT IS C FORM AND H FORM WHAT IS THE DIFFERENCE BETWEEN THESE TWO AND HOW TO SUBMIT?
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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com