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18 December 2014 Paid salary to my manager Rs 324000 for an year..what is the right journal entry be to passed on the same ...need help???

18 December 2014 Normally the procedure followed is every month the entry is passed.
01. Debit Salary
Credit Salary Payable.

02. Debit Salary Payable
Credit Bank/ Cash as the case may be.

18 December 2014 salary exp a/c dr
to salary payable.


salary payable a/c
to bank a/c







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