Accountancy, asked by chandansingh640, 1 year ago

paid salary for month of march 10000. 31 no

Attachments:

VinnyJ: I know but I am confused that is it prepaid expenses or not

chandansingh640: same case for mine

VinnyJ: It's prepaid expenses as it is written in the beginning"for the month of March"

VinnyJ: Not***

VinnyJ: Because he didn't posted the question (pic) so I was in a confusion.....

VinnyJ: But I wrote with astrick (ie ***not) over there ..... even I am saying it is not prepaid

Answers

Answered by wwevikash

Salary A/c Dr. 10,000
To cash A/c. 10,000
(being salary paid for 1 month)

#note:- it doesn't matter 1 month or 1 year entry will be same and it is not prepaid because it is transaction of March. if it is stated that prepaid salary paid then another entry will pass.

#thanks.

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