Salary paid to ram journal entry
WebPass a Journal entry with respect to this transaction. Solution - The following steps need to be considered for passing the journal entry: - Step 1 – On the gateway of Tally, go to … WebNov 24, 2024 · The journal entry for paying salary to ram would be as follows. The justification for these entries is that in the first entry the salary is being due and in the …
Salary paid to ram journal entry
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WebApr 30, 2024 · Conclusion: Salary paid journal entry is to record the payment by the Employer to its employee. So, it will be a debit to the Salary or Salary Payable (if there is already an accrual of liability) and corresponding … WebOct 22, 2024 · Nonetheless, the second journal entry for salary payable will be as follows. Dr Salary Payable. Dr Cash/Bank. Example. A company, Kite Co., has over 100 employees. …
WebOct 22, 2024 · Nonetheless, the second journal entry for salary payable will be as follows. Dr Salary Payable. Dr Cash/Bank. Example. A company, Kite Co., has over 100 employees. The total salaries expense at the end of each month for these employees is $100,000. WebJanuary 18 Salaries paid. 12,000 January 20 Cash withdrawn for personal use 5,000 Solution As explained above, before making the journal entries, it is very essential to determine the kind of accounts to be debited or credited. This is shown in the Table : Tabular Analysis of Business Transactions
WebJournal Entry for Outstanding Interest. It is also known as accrued interest. An outstanding interest journal entry is required to record the amount of interest owed by the business on a loan obligation. It refers only to the portion of the interest that is currently due but not paid by the borrower. It is a “receivable” for the lender. WebNov 22, 2024 · Salary paid ₹10,000. Journal Entries questions for Practice. Question 7. 2024. ... Rent paid ₹ 6,000 9. Goods return to Ram ₹ 10,000 10. Commission received ₹ 5,000 11. Goods return from Deepak ₹ 8,000 12. Cash paid to Ram in his account 13.
WebCorrect option is B) Salary paid to Ram will be debited to salary A/c instead of Ram's Personal A/c. The correct Journal Entry is. Salary A/C Dr. To Cash A/c. (Being salary paid …
http://www.accountingdose.com/2015/08/journal-entry-for-salary-including.html rightmove manny klaricoWebJan 31, 2024 · Goods return to Ram what is the journal entry Get the answers you need, now! prabh000111 prabh000111 31.01.2024 Accountancy ... Salaries outstanding Rs.18,000 and d. ... 60.00 70.00 80.00 April 23 May 24 Goods sold by Y to X 52.00 50.00 Calculate the date upon which the balance should be paid so that no interest due either to X or Y ... rightmove manchester m3WebClick A : Payroll Auto Fill. 4. Select the Salary in Process for field. 5. Enter the From and To dates. 6. Enter the required Voucher Date . Note: The Voucher Date can be different or outside the period specified in ( From and To fields). For example, the voucher date for salary payment for April can be 2.05.2009. rightmove mallorca rentalsWebsalary payment kaise kare salary paid in cash salary paid journal entry salary paid entry rightmove mapperley plains nottinghamWebMay 25, 2012 · What is the journal entry for Advance Salary paid to ram through Bank? Wiki User. ∙ 2012-05-25 11:28:40. Study now. See answer (1) Best Answer. Copy. advance … rightmove marc and partnerhttp://www.mjahan.yolasite.com/resources/Demo%2004-%20Journal%20Entries%20%26%20Ledger%20Posting%20%26%20T.B.-%20Rizvi%20Co%20%5BCompatibility%20Mode%5D.pdf rightmove manston lodge stockportWebWhen ABC Ltd. makes the salary payment to its employees on November 30, 2024, it can make the journal entry as below: In this journal entry, the cash outflow is only $40,000 … rightmove margaretting essex