07-03-2009, 07:21 PM
This way the JV for 30.06 would
Salary exp 1000
Salary payable 1000
what would be the entry post 30.06 at the time of payment?
1) Salary payable 1000
It payabale 100
Bank 900
2) It payable 100
Cash 100
Is this entry correct?
Salary exp 1000
Salary payable 1000
what would be the entry post 30.06 at the time of payment?
1) Salary payable 1000
It payabale 100
Bank 900
2) It payable 100
Cash 100
Is this entry correct?