Advance paid
A's Advance Ac Dr 2000
Bank Cr 2000
Salary Due end of the month
Salary Dr 5000
A's Advance Cr 500
Outstanding Salary CR 4500
Payment of salary
Outstanding Salary DR 4500
Bank Cr 4500
Is this format is true and legal?
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Treatment of salary Advances
Replies (2)
Yes, It's valid.
Narration is mandatory.
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