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(Querist)
18 December 2014 Paid salary to my manager Rs 324000 for an year..what is the right journal entry be to passed on the same ...need help???
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 December 2014 Normally the procedure followed is every month the entry is passed.
01. Debit Salary
Credit Salary Payable.

02. Debit Salary Payable
Credit Bank/ Cash as the case may be.
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Rupesh Jain

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Rupesh Jain (Expert)
18 December 2014 salary exp a/c dr
to salary payable.


salary payable a/c
to bank a/c
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