Accountancy, asked by chauhanankita896, 4 days ago

paid salary in advance to surjeet

Answers

Answered by ankitapurkait91
2

Answer:

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 balance sheet. Hence prepaid salary (or) salary paid in advance is treated as adjustment entry.

Explanation:

Thank you

Answered by bhomdanratnoo
0

Answer:

paid salary in advance to surjeet was 2500₹

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