Journal

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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December 9, 2016 at 5:17 pm #362750
Muhammad
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a simple ques.A company’s policy is to pay the salary on 7th of each month. Then what will be the journal on 30 Nov. on that company account.
December 9, 2016 at 10:39 pm #362867
MikeLittle
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Why should there be any journal?
Is the company preparing financial statements as at 30 November?
And what period is covered by the payment made on 7 November?
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