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It really depends on your geographical location; it's economic and educational situation, and how many other Accountants there are in the area. Your question needs to be expanded to include your geographical location so a proper denomination of currency can be researched.
What else can I help you with?
How do you pass journal entry of salary payable?
salary account debtor to salary outstanding account
What letter to change a salary account to savings account?
I don't get interest in my salary account so I want to change it to savings account
What is Salary bank account?
A salary bank account or a salary account as it is more commonly called, is nothing but a regular bank account but one in which your employer will credit your monthly salary/paycheck every month. If you have a salary account with a bank, banks usually provide you with additional facilities like 0 balance account, credit cards, overdraft facilities etc.
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
Can your salary be paid into a bank account in a different name?
No. A person's salary can be paid only into a bank account that is held by the person to whom the salary is paid. For ex: if I work ABC company and get a monthly salary of USD $3000, the money can be credited only into a bank account that has my name as the account holder. It cannot be paid into your bank account.
Is outstanding salary nominal account?
no,it's personal account.
What is journal entry for salary account?
Debit salary accountCredit cash / bank
What Salary paid to the president?
The president makes a base salary of $400,000 a year. He is also given a travel account, an entertainment account and other benefits. This brings his salary to $550,000 dollars a year.
What is the salary limit for opening current account in Dubai Islamic bank?
I am getting salary of aed 2750 per month. i want to know if i can open a salary account in dubai islamic bank
Can you deposit cash in salary account?
yes
Can a person open a salary account?
Yes he/she can
How do you write a letter to bank for change my salary account to no frill account?
To write a letter to the bank for change to my salary account to a no frill account state what you would like done and why you would like it done to customer service.
