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What is the entry pass if we are given to advance for
employee?
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Answer Posted / suri.9393647338
When advance is paid the entry is..
prepaid salary A/c Dr
to cash /bank A/c
(Being salry Advance paid for the month of ***.).
When the payment of actual salary the entry is..
salry A/c Dr
to prepaid salry A/c
| Is This Answer Correct ? | 5 Yes | 2 No |
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