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Journal Entry for Advance to employee

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(Querist)
12 November 2010 hi friends plz. let me know whether the following entry for advance to employees(shown as professional fees) and ajustment against salary payabale is correct or not


Advance(Mr. X)dr 5000
To Bank 4500
To TDS 500

Monthly fees-5000

Professional Fees dr 10000
To Advance (Mr. x) 5000
To TDS 500
To Bank 4500

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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
12 November 2010 Yes your entry is correct.

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