Actually one staff took advance salary and after next day only he resigned from the post.He have not earned any salary of this this month as well as company doesn;t have any liabilities to pay him and now he wants to repay all the amount of advance salary in cash.so what will be journal entry in this case.
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Advance salary repayment in cash
Replies (2)
on payment of salary in advance
salary advance a/c. Dr.
to cash
on repayment of advance salary
cash. Dr.
to salary advance
salary advance a/c. Dr.
to cash
on repayment of advance salary
cash. Dr.
to salary advance
I agree with Mr. Satish.
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