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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/-) ?
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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 |
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 |
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 |
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 |
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