Interested to Buy Any Domain ? << Click Here >> for more details...
Raman site engineer joined on 1-1-2009 in the company with
an agreed salary of Rs 20000/-. On the joining date he was
given advance of Rs 50000/-agreeing for adeduction of Rs
7500/- for month from salary. Pass salary entry till
March,and let me know the advance balance as on 1st April
- 3 Answers
- 6184 Views
- I also Faced
- E-Mail Answers
Answer Posted / manjit mishra
when paid advance to raman
1/jan
salary advance (raman) dr. 50000
cash/bank cr. 50000
1/feb
salary a/c dr.20000
salary advance cr. 7500
cash / bank cr 12500
1/march
salary a/c dr.20000
salary advance cr. 7500
cash / bank cr 12500
31st march
raman ( salary for the month of march ) dr. 20000/
salary payable cr. 20000/
i april
salary payable a/c dr. 20000
salary a/c cr. 20000
salary a/c dr.20000
salary advance cr. 7500
cash / bank cr 12500
in April advance
advance salary balance 27500
ok
bye
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What Question ask in MARKIT Company?
wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?
what is joint venture?
Expand--------TAO
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?
HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.
why may types of accounts
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?
what are the models of valuation of the company
why gross profit transfering to profit & loss account
Expand-------ASRT
what can increase gearing?
