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WE have paid two month Advance salary on dated 03 June 2010.
What will be journal entry inthe month of june for advance
payment. And what will be journal entry in the month of
july and August for salary adjustment.
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Answer Posted / bipinchandrajain
advance salary *****
To cash *****
(salary of july nd august paid in adv)
transaction for july
salary a/c dr ***
to adv salary ****
for august
salry a/c dr ****
to adv salary
| Is This Answer Correct ? | 2 Yes | 1 No |
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