if a company has to pay the salary in the month of april for
the months of march,apil,and may to a person who joined in
the company on 15march.
what are the entries for the transaction ?
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Answer Posted / chandu
march 31 the entry is
salary a/c dr
to salary payable a/c
at the time of salary paying
salary payable a/c dr
to cash a/c
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