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            Advance Salary Entry

            Created by Book Keeper Team, Modified on Tue, 22 Jul at 2:45 PM by Book Keeper Team

            Create following journal entries to record advance salary :


            1) At the time of payment:

            Debit: Advance salary(under Loans & advances)
            Credit: Cash or Bank


            2) When salary will become due:
            Debit: Salary
            Credit: Advance salary

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