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malarvannan (accounts executive)     11 January 2012

Accounting dobts.please clarfiy?

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



 4 Replies

CA.Praveen Ponnappa

CA.Praveen Ponnappa (CA PRactice)     11 January 2012

Salary a/c Dr          XXX

Fuel Exp   Dr          500

 To Fuel Adv                      2000

  To Salary Payable          XXXX(Salary -1500)

C.A. Jignesh N. Mehta

C.A. Jignesh N. Mehta (C.A.)     11 January 2012

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 

Saurabh Malpani

Saurabh Malpani (CA Final)     12 January 2012

agree with jignesh

Saurabh Malpani

Saurabh Malpani (CA Final)     12 January 2012

agree with jignesh


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