Advance salary

sushant gurav (Accountant) (391 Points)

27 June 2011  

Sir,

Please tell me about advance salary. How one has to adjust.

Sir, some times our staff takes advance from salary and the same are recovered through their salary.

I have created 02 account. one is Salaries and wages and second is Advance salary.

Please tell me whether that is correct. and also suggest me how many accounting entries i have to pass.

Thanks ,

Regards,

Sushant