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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
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Answer Posted / vijay kumar
(1) Advance to emp (Loan & advance assest) Dr.50000
To Raman salary a/c (indirect exp) 50000
(2) Raman salary a/c Dr. 20000.00
To Advance to emp 7,500
To cash a/c 12,500
As on Ist April The Salary Advance WIll Be :27,500/-
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