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vinodvijay25
Dec 7, 2009, 07:12 PM
What is the journal entry for salary paid in advance?.

hamzashakaa
Dec 8, 2009, 01:17 PM
You can journalize the following:

DR. prepaid salaries (Employee name)
CR. Bank
And when the salary is due you should record the following:
Dr. Salaries Expense
Cr. Prepaid salaries (Employee name)
You can also use the employee account instead of prepaid expense.

ashma.r
Dec 26, 2009, 12:17 AM
Salary advance paid to Mr.A

ooppsskhan
Mar 9, 2011, 03:46 AM
1.when paid:

Adv payroll 1000
Bank 1000

2.When recovered...

Payroll 1500
Adv payroll 1000
Bank 500