Journal Entry Problems Pdf (1-5)
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References
Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.
Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.
Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.
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Rather valuable piece
cash
director’s advances
salary expenses
cash
staff salary a/c dr
to drawings a/c cr
What will be the journal entries when a Director pays staff salary from his personal Bank Account?
staff salary a/c dr
to drawings a/c cr