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 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/-

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to entry of hra

1686


how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax

1676


what is mba tell me the more benefits in mba

1599


diffrence between the profit center and business area

1662


Short Answer on _____________Intangible Assets

1606






what is article of association? what is memorandum of association?

1854


How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under

1361


Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

2675


What is Compliance?

1642


DESCIBE EXPORT PROCEDURE

1530


if we have credit 50 % rg23c part ii first and not credit next balance 50 % .when we have do?

1405


What is ABC Analysis in industrial function. hw can it s maintain ?

1750


Queries for Big4 Articleship : Whether son of CA in practice effects chances.

6505


How and by whom the Percentage of Depreciation is fixing?

1954


What is Analysing

1670