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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2010
Respected sir,
WE have paid two month Advance salary on dated 03 June 2010. What will be journal entry inthe month of june for advance payment. And what will be journal entry in the month of july and August for salary adjustment
With regards,
WE have paid two month Advance salary on dated 03 June 2010. What will be journal entry inthe month of june for advance payment. And what will be journal entry in the month of july and August for salary adjustment
With regards,
CMA Ramesh Krishnan
(Expert)
03 June 2010
For payment
Debit :Advance salary A/c (under loans & advances)
Credit: Cash/Bank
For adjustment
Debit: Salary A/c ( Expenses)
Credit: Advance Salary A/c
Debit :Advance salary A/c (under loans & advances)
Credit: Cash/Bank
For adjustment
Debit: Salary A/c ( Expenses)
Credit: Advance Salary A/c
CMA Ramesh Krishnan
(Expert)
03 June 2010
For payment
Debit :Advance salary A/c (under loans & advances)
Credit: Cash/Bank
For adjustment
Debit: Salary A/c ( Expenses)
Credit: Advance Salary A/c
Debit :Advance salary A/c (under loans & advances)
Credit: Cash/Bank
For adjustment
Debit: Salary A/c ( Expenses)
Credit: Advance Salary A/c
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