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
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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
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