Interested to Buy Any Domain ? << Click Here >> for more details...
DEAR ALL,
HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN
ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c
AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know
whether it is correct or not. If correct, in my individual
ledger no entry is reflected. Alternatively, if I debit my
self and credit petty cash a/c it is reflected in the P & L
Account, but it is not an expense. and not reflected in the
balance sheet, but reflected in P & L. I think I need to
put a journal entry. Like debiting the salary account and
crediting the salary advance account. Is this correct or
not? Can any one help me please. my mail add:
cdvijay100@yahoo.co.in or kmlnkml@live.com
- 13 Answers
- 54470 Views
- I also Faced
- E-Mail Answers
Answer Posted / snehal
Pravin a/c dr. 1000
To Salary Payable cr. 1000
(being advance salry paid for the moth Dec. 2011)
Salary Payablea/c dr. 10000
To Cash cr. 9000
To Pravin a/c cr. 1000
(bening part of salary given for the month of Dec 2011)
Pravin - Sundry Debtor - Current Assets
for better account nomeneclulture as salary advance to pravin as their are the cases where where different kind of advances are given to the same person
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
Distinguish value andPrice
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
what is Accounting Standers?
how to maintain E-Commerce companies accounts
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
what is Ratio Analysis ?
Expand---------MNOP
write about an e-mail to manager seeking permission for leave
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
