Mr.X working in an organization,He as taken to salary advance 10,000 on 15/1/2016.He total salary payed on 30,000 5/2/2016?

Answer Posted / faisal iqbal

Cash or bank a/c dr 10000
to organisation a/c cr 10000
(Being salary received in advance)


Cash or bank a/c dr 20000
Advance salary a/c dr 10000
To organisation a/c cr 30000

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Can you differentiate accounting and auditing?

631


why we multiply no. of purchasing year with average profit

1562


Explain financial accounting.

711


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

1410


What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...

4467






Cash Processing

1957


What is the equation for acid-test ratio in accounting?

632


Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?

1486


I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

1824


Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!

4349


How can i learn shortly Tally from computer coz, i want to take a company Balance Sheet

1344


Which steps in Procurement to Pay process does FI documents get created.

1630


how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you

1211


Do you know how many types of business transactions are there in accounting?

606


Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.

2093