if salary is paid what will be entry?

If it is given on advance?

If it is paid on delay

Answer Posted / ammu

salary a/c.....Dr
To cash a/c
(Being salary paid)

Advance salary a/c....Dr
To cash a/c
(Being salary paid in advance)
Arrears a/c .......Dr
To cash a/c
(Being salary paid in delay0

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is reversing journal entries?

604


how many types of currencies are there in oracle r12

1511


HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1536


what is the difference between profit center area and business are.? please make me clear.

1975


What is bond ? What is capital market?

1583






What is the revenue recognition principle?

627


What is customer account?

634


Let me know the liability positions of Partners

1478


All Interview related Questions pertaining to General Ledger,Finance & Accounts.

2299


How to prepare in yearly turnover?

1659


Why have you applied to our firm?

614


purchase return liability or asset?should it be included in the balanced sheet?

1051


Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss

1792


WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

13462


Expand ctc cheque?

618