Treatment of salary Advances

SR (3 Points)

09 September 2023  

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?