If the one employees who is absent for 2 days and he is taken advance 3000/- and his salary 10000/- per month so how to make this entry in tally ?
2 Replies
Prashant Hegde
(Professional)
(262 Points)
Replied 14 May 2016
Advance salary dr (C. Asset)
To Bank
Provision entry-
Salary a/c dr
To salary payable a.c
Payment entry-
Salary payable a.c dr 10000
To advance salary 2000
To Bank 8000
To Bank
Provision entry-
Salary a/c dr
To salary payable a.c
Payment entry-
Salary payable a.c dr 10000
To advance salary 2000
To Bank 8000
Rahul
(Account Executive)
(31 Points)
Replied 14 May 2016
What will be the closing entry according to my problem? Please mention with actual figures
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