Rs. 30,000 salary due to manager, but not paid. what will be
the journal entry for this transaction?
- 11 Answers
- 33071 Views
- I also Faced
- E-Mail Answers
Answer Posted / himanshu
SALARY A/C DR.
TO SALARY PAYABLE A/C
( Being salary due but not paid)
| Is This Answer Correct ? | 4 Yes | 4 No |
Post New Answer View All Answers
Tell me what does the standard journal entry includes?
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
what is a difference between public and private accounting?
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
Explain what is balance sheet?
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
What is depreciation and how many types are there. Please give details?
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
