Salary paid to ram journal entry
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.
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