give journal entry for salary paid in company point of view?
Answer Posted / y.jaya narasimha rao
SALARY A/C - Dr
TO CASH A/C
BECAUSE SALARY IS THE EXPENSES THEN IT IS DEBIT
AND CASH IS GOING OUT THEN IT IS CREDIT
| Is This Answer Correct ? | 23 Yes | 2 No |
Post New Answer View All Answers
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
duties of bank finance manager
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
who introduces the single entry format?
What Question ask in MARKIT Company?
what is the core accounts
example of SOP
what are the financial ratios that a manager see in accounting?
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
what is circuit filter?
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
1. Fdr mature with interest
how to work on CMA form in manufacturing compay as well as how to analysis working capital ?
How can i do the entry of of service tax in tally.