Salary journals
This query is : Resolved
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
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
08 August 2011
Account heads are correct.
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