Advance salary

This query is : Resolved 

10 August 2015 advance salary paid in cash and remaining salary payble through bank. how i make entry in tally

10 August 2015 Let us suppose total salary is Rs. 10,000. An advance of Rs. 2,000 was given and the balance was paid by cheque.
Entries will be as follows:

Advance Salary (Mr. X) 2,000
To Cash 2,000

Salary A/c Dr 10,000
To Advance Salary (Mr. X) 2,000
To Salary Payable 8,000

10 August 2015 ok got it. Thank you sir


11 August 2015 You are welcome Rohit. You should use the thanks button to convey your thanks.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries