what is entry for salary paid in advance ?
- 31 Answers
- 178689 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answer Posted / yoosaf
TOTAL SALARY 10,000. Paid in Advance 2000
Journal
Salary A/c 10000 Dr.
Salary Advance 2000 Cr.
Salary Payable 8000 Cr
Then Payment
Salary Advance 2000 Dr.
To cash 2000. Cr
Balance Payment
Salary Payable A/c 8000 Dr
To Cash 8000. Cr
| Is This Answer Correct ? | 192 Yes | 47 No |
Post New Answer View All Answers
What is the difference between cfa and csa?
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
Tell me what is the equation for acid-test ratio in accounting?
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
What is short term solvency ratio?
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
What are the differences between accounting and auditing?
What is the difference between accumulated depreciation and depreciation expense?
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
non cash or bank income or expense
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.
What is creative accounting?
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
what is consumer product accoutning?
