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    ashma.r's Avatar
    ashma.r Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Dec 26, 2009, 12:12 AM
    Journal entry for salary paid in advance
    Journal entry for salary paid in advance
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Dec 26, 2009, 02:38 AM

    15th dec 2009.

    DEBIT Salary Account $5,000
    CREDIT Bank Account $ 5,000

    Salary for month of December paid
    To Mr XYZ not due until the end of the month.
    maduraimachan's Avatar
    maduraimachan Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Feb 27, 2010, 09:04 AM
    DEBIT ADVANCE A/C Rs. 500
    CREDIT CASH A/C Rs. 500
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #4

    Feb 28, 2010, 12:12 AM

    maduraimachan is correct; however, the thread is over 2 months old.
    Jyopuja's Avatar
    Jyopuja Posts: 1, Reputation: 1
    New Member
    		  
    #5

    Mar 30, 2011, 09:08 PM
    Salary Account 100
    To Prepayments 100
    alesra's Avatar
    alesra Posts: 1, Reputation: 1
    New Member
    		  
    #6

    Apr 30, 2012, 12:26 AM
    Salary Advance A/C Dr 100
    Cash/bank A/C Cr 100
    AVI CHOPRA's Avatar
    AVI CHOPRA Posts: 1, Reputation: 1
    New Member
    		  
    #7

    Nov 1, 2013, 01:42 AM
    Salary advance dr.100
    Cash/bank cr.100
    (being paid in advance)


    Salary dr 200
    Salary advance cr.100
    Employee cr.100
    (being salary due)

    Employee dr.100
    Cash/ bank cr.100
    (being salary paid)
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