New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000

New emlpoyee was joined on 15th Jan and salary paid on 28th
Feb amt of Rs.20000/- and asked to give the Journal entry
for the Month of Jan, Fed and March (His Monthly Salary is
Rs.8000/-) ?

Question Posted / gaurav mathur

4 Answers
6724 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give..

Answer / praveen singh

1) Jan Month Journal Entry:
Salary A/C Dr 4000
To Salary Payable A/c 4000

2) Feb Month Journal:
Salary Payable a/c Dr 4000
Salary a/c Dr 8000
Salary paid in advance Dr 8000
TO Bank A/C 200000

3) in March month:
Salary Account Dr 8000
To Salary paid in advance 8000

Is This Answer Correct ?

6 Yes

2 No

New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give..

Answer / himanshu agrawal

31st
jan salary a/c dr 4000
TO salary payable a/c 4000
( being salary in due )
28th
feb salary payable a/c 4000
advanced salary a/c 8000
salary a/c 8000
TO cash a/c 20000
( being salary paid )
31st
march salary a/c 8000
TO advanced salary a/c 8000
( being advanced salary is
adjusted )

Is This Answer Correct ?

3 Yes

0 No

New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give..

Answer / rajender singh

31 jan salary a/c Dr. 4000
to Salary Payable 4000

28 Feb Salary A/c dr. 8000
To Salary Payable 8000

28 Feb Salary payable a/c dr. 12000
Salary Advance Dr. 8000
To Bank/Cash A/c 20000

31 March Salary A/c Dr. 8000
To Salary Payable 8000

31 March Salary Payable A/c Dr. 8000
To Salary Advance A/c 8000

Is This Answer Correct ?

0 Yes

0 No

New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give..

Answer / rajesh

Hai, Here u go!!!
1)
jan Month Journal
DR Salary 4000
Cr Salary Payable 4000
Narration : Being the 15 Days salary payable
2) Feb Month Journal
DR Salary 8000
Cr Salary payable 8000
Narration : being the Feb'08 Salary payable
3) Mar Month Journal
Dr Salary 8000
Cr Salary Payable 8000
Narration " being the Mar'08 Salary payable

Is This Answer Correct ?

3 Yes

4 No

Post New Answer

More Accounting AllOther Interview Questions

fill in the Blanks Recognising Revenues when cash is received is __________basis of accounting

1 Answers

Expand NEFT

3 Answers Banking,

would gross expenditure vouch the correctness or otherwise of the given expenses?

1 Answers Wipro,

what is mean by reserve?