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?
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Answer Posted / shivangi gupta
salary Advance A/C. Dr 10000
cash/bank Cr.10000
(salary in advance given)
Salary A/c. Dr 30000
salary Advance A/c. Cr. 10000
cash/bank Cr 20000
(salary Due and advence salary adjust with Advance)
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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