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if salary is paid what will be entry?
If it is given on advance?
If it is paid on delay
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Answer Posted / dolly
IF SALARY IS PAID
SALARY A/C DR
TO EMPLOYEE'S A/C
(BEING SALARY DUE)
EMPLOYEE'S A/C DR
TO CASH A/C
(BEING SALARY PAID)
IF SALARY IS GIVEN IN ADVANCE
EMPLOYEE'S A/C DR.
TO CASH A/C
(BEING SALARY IS GIVEN ON ADVANCE)
IF SALARY IS PAID ON DELAY
SALARY A/C DR.
TO EMPLOYEE'S A/C
(SALARY DUE)
EMPLOYEE'S A/C DR.
TO CASH A/C
(SALARY PAID ON DELAY)
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