Interested to Buy Any Domain ? << Click Here >> for more details...
"i have received half of the salary in advance and another
half in the end of month" what will be the journal entry for
this?
- 6 Answers
- 16491 Views
- ACS, Genpact, I also Faced
- E-Mail Answers
Answer Posted / shivashankar
There will be two entries for this entry
1. First advance half salary.
Dr. Advance (Name of the Person)Ram Lal A/c
Cr. Cash / Bank A/c
2. Second when you book salary
Dr. Salary Paid A/c
Cr. advance (Name of the person) Ram Lal A/c
Cr. Salary Payable A/c
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
How to prepare in yearly turnover?
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
Tell me by saying, perpetual or periodic inventory system; what do we mean?
how calculate intrest on advance tax ? and penalty on vat?
DIFFERNCE BETWEEN RESERVE AND FUND?
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
what is the entry of credit card received excess amount entry in tally and their under group names
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
Explain me what is important to effective market analysis?
Accounting Questions
What are the uses of journal in accounting?
I WRITE GROUP-4 EXAMINATION.I STADIYING INTERMEDET HOW MANY PARSANTEGE OF GROUP-4 EXAMINETIN
Can you name any other accounting application?
What methods do you use to discover sales opportunities?
