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Aravinds gross salary is 15000/-Pass entry adjusting 150
profession tax, Advance adjustment 1500/-
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Answer Posted / chintu dutta
Salaries a/c Dr 15,000
To Professional Tax payable a/c 150
To Salary Advance a/c 1500
To Salary payable
| Is This Answer Correct ? | 4 Yes | 2 No |
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while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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