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
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