Advance salary
This query is : Resolved
10 August 2015
advance salary paid in cash and remaining salary payble through bank. how i make entry in tally
10 August 2015
Let us suppose total salary is Rs. 10,000. An advance of Rs. 2,000 was given and the balance was paid by cheque.
Entries will be as follows:
Advance Salary (Mr. X) 2,000
To Cash 2,000
Salary A/c Dr 10,000
To Advance Salary (Mr. X) 2,000
To Salary Payable 8,000
Entries will be as follows:
Advance Salary (Mr. X) 2,000
To Cash 2,000
Salary A/c Dr 10,000
To Advance Salary (Mr. X) 2,000
To Salary Payable 8,000
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10 August 2015
ok got it. Thank you sir
11 August 2015
You are welcome Rohit. You should use the thanks button to convey your thanks.
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