prepaid salary and outstanding salary

Journal Entry of Outstanding salary and Prepaid Salary In Accounting

[metaslider id=”8929″] Journal Entry of Outstanding salary and Prepaid Salary In Accounting for more go to our blog Outstanding expense  Journal Entry of Salary outstanding expense Salary paid for the month of Jan Rs 5,000 actual salary Rs 10,000 Journal Entry for the same will be. Salary A/c   Dr.      10,000 To cash A/c  …

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Advance received from Customer and advance paid to supplier

Journal entry of Advance received from Customer and advance paid to Supplier

Journal entry of Advance received from Customer and advance paid to Supplier Advance received form Customer  When Advance received from customers that is current liabilities as its our obligation for us to deliver goods and service in future. Before going further we have to understand what is Advance paid through the accounting rule of assets …

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Final accounts Trading Accounts Profit and Loss Accounts and balance sheet in Accounting

Final accounts Trading Accounts Profit and loss and balance sheet in Accounting What are final Accounts After checking the accuracy of the book of accounts through preparation of trail balance .Next step it to check the profit and loss earned during the year and also the financial position of the business Final Accounts are the accounts, which …

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