Business Studies, asked by nadim34, 5 months ago

please answer and explain this
question:-"Paid salary in advance rupees5000"

only answer ut patang answer aaya direct report krunga 5 milega nai 10 kat jayega be carefully

plz answer

Answers

Answered by jasspanesar118

Explanation:

paid salary in advance is treated as prepaid salary.means Jo salary hm advance Mai pay kr chuke hai . iski journal entry :prepaid salary acc Dr.To cash acc 5000

and if we wants to show this in financial statement this it is deducted from salary in profit and loss acc and shown as asset in balance sheet kyu k hm use pay kr chuke hai is lyi hmne use deduct kra hai salary ki amount Mai se.

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