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?
Menu
Treatment of salary Advances
Replies (2)
Yes, It's valid.
Narration is mandatory.
Recent Topics :
- TDS JUSTIFICATION REPORT
- Capital gains on Sale of Transferred shares
- Unbarred returns
- One time commission filing in ITR2
- 600128 HSN rate
- Social Security benefit from US by resident
- E-way notices
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
Related Topics :
CAclubindia
