Set off of salary advance to staff
This query is : Resolved
31 August 2011
When Salary given as advance to staff entry is : staff is " PRAVIN "
"Pravin" A/c DR. 1000/-
to Bank A /c Cr. 1000/
my question is what is the entry at the time of salary given the salary of pravin is 10000/-
"Pravin" A/c DR. 1000/-
to Bank A /c Cr. 1000/
my question is what is the entry at the time of salary given the salary of pravin is 10000/-
CA. JIGAR SHAH
(Expert)
31 August 2011
salary ac dr. 10000
bank ac cr 9000
pravin ac 1000
bank ac cr 9000
pravin ac 1000
31 August 2011
sir what is the journal voucher entry & salary payable of pravin
CA Prashant Gupta
(Expert)
31 August 2011
salary A/c Dr. 10000
To salary payable 10000
Salary payable Dr. 10000
To cash/Bank 9000
To Pravin a/c 1000
To salary payable 10000
Salary payable Dr. 10000
To cash/Bank 9000
To Pravin a/c 1000
CA Pushpendra Gaur
(Expert)
05 October 2011
The entries provided by Mr Prashant are absolutely right
Better Use Account nomeneclature as Salary Advance to Pravin as there are the cases where different kind of advances are given to the same person
Better Use Account nomeneclature as Salary Advance to Pravin as there are the cases where different kind of advances are given to the same person
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