Entry for Advance Salary
Advance Salary Dr 5000
To Bank 5000
Entry for Salary Paid
Salary Exp 18000
To Advance Salary 5000
To Bank 12800
To Professional tax 200
Both Entries are Payment Entries
Advance Salary is a Current Asset,Salary is expense ,Bank under Bank Account and professional tax is duties and taxes
Written on May 20, 2016, 11:35 p.m.