Month end closing entries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2013
Dear CCI members
while closing the monthly accounts .i am following the below mention procedure.
For Eg. salary
1.31st march(provision made)
salry a/c dr
to outstanding salary account
2.1st april(provision reverse)
outstanding salary a/c dr
to salary a/c
3.5th april(At the time of payment)
salary
to cash
whether i am following right procedure or
not.Is there any other method of doing that.
while closing the monthly accounts .i am following the below mention procedure.
For Eg. salary
1.31st march(provision made)
salry a/c dr
to outstanding salary account
2.1st april(provision reverse)
outstanding salary a/c dr
to salary a/c
3.5th april(At the time of payment)
salary
to cash
whether i am following right procedure or
not.Is there any other method of doing that.
04 August 2013
Yes. your entries are ok
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on Old to new regime - 10-IEA
- MP Minimum Wages Act
- Expenses related
- AIS reflecting Aggregate interest on kvp, not accrued .
- REGARDING CAPITAL CONTRIBUTION BY PARTNER
- Return forms related
- Wronly generated e-way bill
- Notice under section 143(2) of the Income-tax Act, 1961
- Regarding to Gift Received from relatives
- CAPITAL GAIN TAX FOR PARTNERSHIP FIRM
- Booking of Diesel Expense
- Rule 37 of CGST/SGST Rules: ITC Reversal on Non-Payment Within 180 Days
- RCM on Purchase from Unregistered dealer
- Regarding Sec 54 of Income tax act
- Samples given to outside india for customer
- ITC on Pantry Expense
- Material Invoicing - Query
- Input on insurance service
- Accounting For Mediclaim Reimbursement To Employees
- PTEC Name Change
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
