Salary paid to ram journal entry
WebPass necessary Journal entries for the following transactions: 2024. April 5. Paid salaries ` 30,000, rent ` 10,000 and wages ` 8,000 by cheque. April 7. Purchased goods from Hari for ` 30,000 at 10% trade discount and 2% cash discount. Payment was made immediately. April 15. Paid to Raju `5,000 in cash and ` 7,000 by cheque. WebMar 31, 2024 · 1 answers. -On 1 April, 2012 Gupta Bros purchased two machines for 1,50,000 each. Depreciation at the rate of 10% on original cost of machine was to be …
Salary paid to ram journal entry
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WebJournal Entry for Salary Paid Class 11 Book-Keeping and Accountancy Accounts AccountingTypes of Accounts under Book-Keeping and Three Golden Rules of... WebDec 28, 2024 · There are three primary types of journal entries, which are: Initial recordings: Initial recordings are the primary entries for payroll accounting. They're the first entries in …
WebJan 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 ... WebClick 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.
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. http://www.accountingdose.com/2015/08/journal-entry-for-salary-including.html
WebSalaries paid example. For example, on November 30, the company ABC make the salary payment to employees amounting to $50,000 for the works that they have done during the …
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 … inner range inception finder toolWebsalary payment kaise kare salary paid in cash salary paid journal entry salary paid entry model s panoramic roofWebJun 25, 2024 · On 31st March, 2024 Salary paid by cheque to employee Rs. 60,000. Pass journal Entry. The salary paid to the employees is considered as the Expenses of the business. According to the accounting rules, the increase in the Expenses will be debited. Therefore, the salary account will be debited while passing the Journal entry. inner race of a bearingWebJanuary 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 models pics top site\\u0027sWebCorrect 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 … models perfect perfect match makeupWebsalary payment kaise kare salary paid in cash salary paid journal entry salary paid entry model specs macbook pro a1278WebApr 8, 2024 · The amount of Prepaid salary is deducted from salary and shown on the debit side of the profit and loss account. It is further shown under the head current asset in the … models photo shoot images