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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 / praveen singh
1) Jan Month Journal Entry:
Salary A/C Dr 4000
To Salary Payable A/c 4000
2) Feb Month Journal:
Salary Payable a/c Dr 4000
Salary a/c Dr 8000
Salary paid in advance Dr 8000
TO Bank A/C 200000
3) in March month:
Salary Account Dr 8000
To Salary paid in advance 8000
| Is This Answer Correct ? | 6 Yes | 2 No |
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