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Salary paid to ram journal entry

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 … 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.

Journal Entries questions for Practice - Important 2024

WebRule for nominal account describe that all expense and losses should be debited and all incomes and gains should be credited. payment of salary to Suresh is an expense which need to be debited to salary account. Accounting entry will be as under: Salary Expense A/c Dr. To Cash A/c. WebOn 31 January, they pay a salary expense of $ 11,000. It increases from prior month due to new staffs. Please prepare the journal entry for the January salary expense. As the … hotels in seattle with a kitchen https://jfmagic.com

journal entries for this salary paid to ram - Brainly.in

Websalary payment kaise kare salary paid in cash salary paid journal entry salary paid entry WebAnswer: Cheque issued… credit what goes out.. To Ram…since above transaction is not done on credit basis he is not our creditor.. For furniture… when assets are purchased we open a separate asset a/c of such asset.. Therefore entry is.. Furniture a/c Dr. To Bank a/c. (Being cheque issued fo... 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 … hotels in seattle with cruise ship shuttle

What is the journal entry for Advance Salary paid to ram ... - Answers

Category:Salary Paid (to employees) by Cash / Cheque Journal Entry

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Salary paid to ram journal entry

What is the journal entry for paid RAM? – YourProfoundInfo

WebOct 14, 2024 · Cash paid to ram on account - 25749102. raoarjun2009 ... A journal entry is a detailed information about all the ... Sales Closing Stock Salaries and wages Outstanding expenses Investment Machinery Adjusted Purchases Discount Received Carriage Inwards Interest on Investments Capital Cash and Bank Balance 3,00,000 ... WebApr 10, 2024 · Journal Entry for wages paid in cash. This entry can be recorded in the books of accounts by using two different approaches of accounting. They are; 1. Traditional Accounting Approach. Particulars. L.F. Amount.

Salary paid to ram journal entry

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WebApr 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 … 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 …

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 … 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.

WebJournal entries in any organization may vary from hundreds to millions depending upon the size and structure of the organization. ... Sale made to Mr.Ram: 8: Rent paid: 9: Salary paid: 10: Cash received from Mr.Ram: 11: Cash deposited in bank: 12: Office Expenses paid: Journal Entries. S.No. Particulars L.F. Amount; Debit Credit; 1: 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 ...

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.

http://www.mjahan.yolasite.com/resources/Demo%2004-%20Journal%20Entries%20%26%20Ledger%20Posting%20%26%20T.B.-%20Rizvi%20Co%20%5BCompatibility%20Mode%5D.pdf hotels in seattle with great viewsWebJun 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. hotels in sea world shekou shenzhenWebWhen 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 … lilly reichertWebJournal 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. lilly recreation park fishingWebJournal Entry for Salary Paid Class 11 Book-Keeping and Accountancy Accounts AccountingTypes of Accounts under Book-Keeping and Three Golden Rules of... hotels in sebastian florida on the beachWebThe journal entry for paying salary to ram would be as follows. Salary A/C Dr. Salary payable A/C Dr. The justification for these entries is that in the first entry the salary is being due … hotels in sec 43 chandigarhWebDec 5, 2024 · The journal entry for paying salary to ram would be as follows. Salary A/C Dr. Salary payable A/C Dr. The justification for these entries is that in the first entry the salary … hotels in seattle with shuttle to cruise port