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what is entry for salary paid in advance ?
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Answer Posted / h.r. sreepada bhagi
As mentioned in the above answer salary advance is not given
to the employers. It's paid by the employers & employee is
implied as salary or salary advance is paid only to the
employees.
Whenever salary advance is paid debit the ledger A/c 'Salary
Advance' under Loans & Advances group. Whenever it's
recovered credit this account. If your software provides for
references, enter the name or ID No. of the employee for
control.
| Is This Answer Correct ? | 72 Yes | 8 No |
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