Dear friends
For Ex: Mr.X received 2000/- as fuel advance on dec'11.He submitted bills for 500/-. on dec'11 itself.
Balance 1500/- adjusted towards his salary on Jan'12.
Please help , how to pass entries.
-Regards
malar.D
Menu
Accounting dobts.please clarfiy?
Replies (4)
Salary a/c Dr XXX
Fuel Exp Dr 500
To Fuel Adv 2000
To Salary Payable XXXX(Salary -1500)
Entry in December 2011
Fuel A/c Dr. 500
Fuel Advance A/c Dr. 1500
To Cash / Bank Cr 2000
Entry in January 2012
Salary A/c Dr XXXX
To Salary Payable A/c XXXX-1500
To Fuel Advance A/c 1500
agree with jignesh
agree with jignesh
Recent Threads
- Capital gains builder property
- Urgent Guidance Needed: New Proprietor Facing S
- Penalty 270A
- Form 10E to waive-off Severance Pay of 7 Years
- Incorrect Demand reflecting online in govt IT PORT
- Offshore company POEM for Indian resident
- Correction in 26QB filed for late TDS filing
- GST- ITC CLAIM ON LOAN PROCESSING CHARGES
- CApital gains deduction u/s 54EC
- Reversal of Cess shown in provisions credit balanc
Related Threads
CAclubindia
