give journal entry for salary paid in company point of view?

Answer Posted / manoj mal

Salary acount a/c DR
To Cash a/c

Salary is an expenses - debit
cash is going out - credit

Is This Answer Correct ?    221 Yes 14 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand-------NAC

1779


What is the journal entry for Call and a Put option both in the books of buyer and seller

9341


which Electrical items is Exciseible

1816


1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?

1141


please give me a last 10 years sbi clerk question and answer paper

1520






Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.

2401


In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

3556


OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM

1532


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

1991


Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful

1605


how to do the recurring entries or steps to follow that

1502


explain the financialand economic meaning of investment?

1739


what is the organisation chart for accounting and finance ?

1921


state and explain THREE types of situation to which accounting concept might be applicable

1677


let me know the minimum Accounting Heads in an accounting system

4222