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please tell me debit credi entry , in respect of salary
advance and how to deduct,advance paid to employee

Answer Posted / gulzar singh

entry is as below

On Advance payment of Salary:-

Prepaid Salary a/c Dr.
cash/bank A/c Cr.


when Salary actually Due and Paid.

Salary A/c Dr.
Prepaid salary A/c cr.
Cash / Bank A/c Cr.

Is This Answer Correct ?    9 Yes 6 No



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