Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What's the general entry for Prepaid salary on 31st march?

Answer Posted / shivam kumar

In the month 31st march
Prepiad salary A/c Dr
To Cash / Bank A/c
In the month 1st April
salary A/c Dr
To Prepaid salary A/c

Is This Answer Correct ?    17 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Is advance paid wages has credit balance?

1656


Can u please give me example of bonds? is National savings certificate a Bond?

2853


all of interview question about coop bank of oromia

1279


cost accounting process

2070


what is purchase consideration?

2178


what happens to each of the three primary financial statements when gross margin decreases?

2025


How many types we are received funds in business purpose

2389


in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)

2077


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

4226


What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations

2040


What is Insider Trading ?

2242


ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form

1787


commisiion recieved journal entry and receipt required

1480


can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com

2051


what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)

1826