Journal Entry
This query is : Resolved
16 August 2009
what should I do?
If i given advance to employee & His cheque payment amount is deducted advance.
Suppose A is Employee, & I given advance Rs.1000 in cash. Now at the time of salary I payable to Mr. A Rs.10000/- But I paid Rs. 9000/- in cheque payment after deducting Adance. What should be the entry in tally for this effect.?
If i given advance to employee & His cheque payment amount is deducted advance.
Suppose A is Employee, & I given advance Rs.1000 in cash. Now at the time of salary I payable to Mr. A Rs.10000/- But I paid Rs. 9000/- in cheque payment after deducting Adance. What should be the entry in tally for this effect.?
CA. Amit Daga
(Expert)
16 August 2009
There will be two entry
Advance Salary A/c Dr. 1000
To Bank A/c 1000
Salary to Mr. A A/c Dr. 10,000
To Bank A/c 9,000
To Advance Salary 1,000
Advance Salary A/c Dr. 1000
To Bank A/c 1000
Salary to Mr. A A/c Dr. 10,000
To Bank A/c 9,000
To Advance Salary 1,000
Manmohan ACA, CS
(Expert)
17 August 2009
agree
17 August 2009
Agree with expert
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