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debit salary payableCredit cash / bank
debit salary expensecredit cash
debit salary expensecredit cash
advance salary a/c dr to cash
debit employee health insurancecredit cash / bank
debit salary expensecredit cash
[Debit] Salary Expense xxxx [Credit] Salary payable xxxx
debit salary payableCredit cash / bank
debit salary expensecredit cash
debit salary expensecredit cash
debit salary expensecredit cash
Salary payable A/c Dr 5000 To Cash Cr 5000
advance salary a/c dr to cash
debit employee health insurancecredit cash / bank
When an employee receives an advance on pay an asset account called employee advances is debited and the cash paid out is credited. When the advance is repaid then the applicable expense accounts are debited and the advance account is credited.
The key word is "payable". This makes salary payable a liability until it is fully paid. There are two entries for a Salary Payable, the original Journal Entry to record when the payable occurs and the Adjusting Entry to record when the balance is paid. Entry to record: Salary Expense (debit) $$$ Salary Payable (credit) $$$ Entry to pay: Salary Payable (debit) $$$ Cash (credit) $$$ yes
End of March: DR Salary Expense CR Salary Payable Paid day on April DR Salary payable CR Cash