Journal Entry for Advance to employee
This query is : Resolved
CA Abhishek Singh
(Querist)
12 November 2010
hi friends plz. let me know whether the following entry for advance to employees(shown as professional fees) and ajustment against salary payabale is correct or not
Advance(Mr. X)dr 5000
To Bank 4500
To TDS 500
Monthly fees-5000
Professional Fees dr 10000
To Advance (Mr. x) 5000
To TDS 500
To Bank 4500
Advance(Mr. X)dr 5000
To Bank 4500
To TDS 500
Monthly fees-5000
Professional Fees dr 10000
To Advance (Mr. x) 5000
To TDS 500
To Bank 4500
12 November 2010
Yes your entry is correct.
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