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...

Raman site engineer joined on 1-1-2009 in the company with
an agreed salary of Rs 20000/-. On the joining date he was
given advance of Rs 50000/-agreeing for adeduction of Rs
7500/- for month from salary. Pass salary entry till
March,and let me know the advance balance as on 1st April

Answer Posted / vijay bhaskar reddy(vijji_tv@y

1-1-09 Raman A/c Dr 50000/-
To Cash A/c 50000/-
(Being salary advance paid to Raman)
1-2-09 Salaries A/c Dr 20000/-
To Raman A/c 7500/-
To Cash A/c 12500/-
(Being January month's salary paid to Raman, after
deducting the salary advance).
1-3-09 Salaries A/c Dr 20000/-
To Raman A/c 7500/-
To Cash A/c 12500/-
(Being February month's salary paid to Raman, after
deducting the salary advance).
1-4-09 Salaries A/c Dr 20000/-
To Raman A/c 7500/-
To Cash A/c 12500/-
(Being March month's salary paid to Raman, after
deducting the salary advance).

Up to March-09, we were deducted Rs.22500/- from Raman's
salary. Then his balance advance are Rs.27500/-.






Actually, the same question previously I asked, but Iam not
get correct answer. In the above answer I have some doubts.
Pls clarify the doubts. When we are working with Tally
package, for entering the salary advances, we will create
the personal A/c's under salary advances Group in Current
Assets. Salaries A/c are created under Indirect expenses.
my doubts are:
whenever we pay the salary to the employees, we enter as
salaries A/c dr to cash/bank Ac. According to this, we
will know only how much salaries were paid to the staff in
a particular month. Then, how to find about a particular
person salary paid or not?(without help of narration).

Now I required how to find about the particular person's
salary paid or not?, and how much amount of the salary
advance is pending to the particular person? I want both
results seperatly. Please give the solution for it. My e-
mail id: vijji_tv@yahoo.com Thankyou.

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are Home Equity Loans ?

2256


loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid

2138


Breif notes about accounting standards

3141


what is the difference between planned and non planned budgt

2047


Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1948


Total numbers of companies listed on stock Exchange?

2596


what are the questions commomly asked in reuter's interview.?

2344


What is the Memorandum voucher?

10970


Expand---------OTMD

2514


can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?

2282


when calculating for np% do i include interest or do i take it off

2484


Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09

2301


Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

2148


What is revaluation of assets.when it occurs

2368


MMT and MID payment how post in tally

1489