give journal entry for salary paid in company point of view?
Answer Posted / binu bernard babu
Salary A/c Dr
To, Cash/Bank
(salary is an expense, So increase in expense should be treated in the debit Side)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How to Calculate PF with interest or without interest.
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
Expand-------BANT
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
How goodwill is accounted for the first time in a company .
what are micro-cap, small-cap, mid-cap, large-cap companies?
Process of the settlement cycle?
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
fd redeem interest and principal entry in tally
what is duties and responsibilities for clark working in sbi
What is the Memorandum voucher?
how we will prepare n file income tax returns for individuals?explain
INTE3RNATIONAL ACCOUNTING STD
what is automatic payment in sap fico