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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 Posted / satyaki_raju@yahoo.com
On 31 st January
Salary a/c dr 4000
To Outstanding salary 4000
(salary outstanding for the month of Jan)
On 28th Feb
Salary outstanding a/c dr 4000
salary a/c dr 8000
Advance salary a/c dr 8000
To Cash a/c 20000
(Being Jan outstanding salary,Feb salary along with Advance
for the month of March)
31 st march
Salary a/c dr 8000
To Advance salary a/c 8000
(Being advance given in the month of Feb adjusted now)
| Is This Answer Correct ? | 3 Yes | 0 No |
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