Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

10000 Salary paid for the month of Dec 2015. What entry will pass in GL?

user-image
Question added by Majid Wangade , Senior Accountant , KANTOUR LIMITED COMPANY ( Real Estate, Construction and Asset Management )
Date Posted: 2016/03/06

Debit To Salary Account (If salary with the name of person will debit with the name account or salary account) 

 

Credit to Cash/ Bank/ Whatever  throgh we paid

 

Best Regrads

Naveen

obada issa
by obada issa , Inspection , Palestine Monetary Authority

   31. Dec  

Dr. salary expanse

       Cr, bank , cash

or if you use accrual  basis

31.Dec 

Dr. salary expanse 

        Cr. salary payable 

when you paid the amount 

2,Feb 

Dr, salary payable

     Cr, bank , cash

EPARI AJIT KUMAR
by EPARI AJIT KUMAR , Site Manager , ACME Solar Holdings Limited

Salary Expenses Account (Dr.) - 10,000

Bank/ Cash/ Other mode of Payment Account (Cr.) - 10,000

 

 

 

Imad Eldin  Mohamed Elbagir Mohe Eldinn Mohamed
by Imad Eldin Mohamed Elbagir Mohe Eldinn Mohamed , Accounts Payable Manager , ALARRAB CONTRACTING COPANY

Debit  / Accrued salaries

Credit  /  Cash/ Bank

MUHAMMED SHAMEEM CPP CIPS
by MUHAMMED SHAMEEM CPP CIPS , Senior Procurement Officer , Power International Holding

Dear , 

 

the entry will be ,

 

Dr-Salary A/C   

Cr-Cash / Bank  A/C 

 

 

Ayman Ghubish
by Ayman Ghubish , Financial Development Manager , Aldiri for catering and supplies

Dr : Accrued Salaries

Cr : Cash/ Bank 

Regards,

Anne Christine Hernandez
by Anne Christine Hernandez , Finance Secretary , Atana Hotel FZ L.L.C.

Debit-Name of Employee Credit-Cash/Accounts Payable

Paul Martin
by Paul Martin , Sr. Payroll Administrator & HR Generalist , RAK BANK

Debit Staff Salary expense a/c  10k

Credit Staff Bank a/c 10k

Debit salary A/C- SAR 10,000/-

Credit employee A/C - SAR 10,000/-

Muhammad Zubair
by Muhammad Zubair , SENIOR ACCOUNTANT , KANTAR SAUDI ARABIA COMPANY LTD.

Salary A/C                         Dr   10,000

Cash / Bank  A/C                  Cr                      10,000

asim farooq
by asim farooq , Senior Accountant , Fatima Memorial System

Salaries expense a/c (dr) & bank or cash in hand A/c (cr) 

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.