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Salary journals

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(Querist)
08 August 2011 DEAR SIR,


I WANT THE JOURNAL ENETRIES FOR SALARIES. IF X IS A EMPLOYEE IN A COMPANY. WHAT IS THE SALARY ENTRIES FOR SALARY PAYABLE, SALARY PAID , SALARY ADVANCE & SALARY ADVANCE RECOVERED.

SALARY PAYABLE-CURRENT LIABILITIES
SALARY EXPENSES- INDIRECT EXPENSES
SALARY ADVANCE- CURRENT ASSETS

THE ABOVE MENTIONED HEADS OF ACCOUNTS ARE CORRECT OR NOT. KINDLY GIVE THE ANSWERS
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
08 August 2011 Account heads are correct.

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