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New emlpoyee was joined on 15th Jan and salary paid on 28th
Feb amt of Rs.20000/- and asked to give the Journal entry
for the Month of Jan, Fed and March (His Monthly Salary is
Rs.8000/-) ?
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Answer Posted / rajesh
Hai, Here u go!!!
1)
jan Month Journal
DR Salary 4000
Cr Salary Payable 4000
Narration : Being the 15 Days salary payable
2) Feb Month Journal
DR Salary 8000
Cr Salary payable 8000
Narration : being the Feb'08 Salary payable
3) Mar Month Journal
Dr Salary 8000
Cr Salary Payable 8000
Narration " being the Mar'08 Salary payable
| Is This Answer Correct ? | 3 Yes | 4 No |
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