AGER COMPANY APNE EMPLOYEE KO 5000 ADVANCE DETE H OR USKE SALARY MILNE PER 2500 HE DEDUCT KER K USKE BAAKI SALARY DE DETI H TO USME USKE TALLY M ENTRIES KAISE HOGI
17 November 2014
create one account "advance to XYZ" When advance is given debit this account. When advance is deducted from salary, credit this account.
17 November 2014
At the time of giving Advance:- Staff Advance(under current asset)Dr...50000 To Cash/Bank..........................50000
At the time of adjusting Salary (Assume Salary is Rs.30000) Salary Dr........................30000 To Staff Advance.......................2500 To Cash/Bank.........................27500
CAclubindia
