Interested to Buy Any Domain ? << Click Here >> for more details...
sir, i m working in an ngo as accountant but new. pleas
clear my doubt in tally. suppose 'a' salary is 5000. he
taken 3000 advance from salary and not returned. i paid a
cheque next month rest 2000. 'b' salary is 10000, taken 5000
advance from salary and returned so i paid him 10000 total
salary. what all to do in tally. is the following procedure
is ok or not?
- 5 Answers
- 8136 Views
- Banking, I also Faced
- E-Mail Answers
Answer Posted / gulzar singh
Case A : paid rs.3000 as advacne and salary is Rs. 5000.00
entry when paid advacne.
Mr. X ( assumed name) dr. 3000.00
Cash/ Bank A/c cr. 3000.00
( being cash paid as advance against salary)
When salary paid
Salary Expenses dr. 5000.00
Mr. X Cr. 3000.00
Bank A/c Cr. 2000.00
( being salary paid to mr. X after adjusting advance
rs.3000)
Case B : Paid Rs. 5000 as advace and salary is rs. 10000.
when paid advace
Mr. Y ( assumend name) Dr. 5000.00
Cash/bank a/c Cr. 5000.00
( Being paid advance)
when advence amonunt returend entery is
Cash/ bank A/c Dr. 5000.00
Mr. Y Cr. 5000.00
(Being amount refunded by Mr. y against advance)
When Salary is paid
Salary expensesa/c Dr. 10000.00
Cash/ bank a/c Cr. 10000.00
(Being salary paid to mr. Y for the month of ________)
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
what is share application money pending allotment?
Tell me what a deferred asset is and give an example?
when dissoluction of firm why investment flchuationfund subtrect from book value
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
audit under section and penalty under saction scurtiny under saction
what is the D.V.T. rate from 1/10/2009
what are doucement required under registration of properity firm. give the answer breif
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
How new/innavtive assets are to be treated under IFRS?
How do you build a successful business relationship?
what are the limitations of accounting ratios?
sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
Tell us what is icai?
Tell me what does the investment of personal assets by the owner will do?
