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.
Menu
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.
Recent Topic
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
- F&O in ITR
- CA Final Self pace Module
- Query Regarding House Ownership Transfer Reflected
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
- ITR-2 Schedule CG: Indexation cost ignored for lan
- INCOME TAX NOTICE 143(2) - FY 2024-2025
Related Topics
CAclubindia
