salary payable, and salary a/c in tally how to enter

This query is : Resolved

umer (Querist)
Follow

20 January 2011 dear friend / sir / madam.

i simply come to point...
ie
some transaction are given bellow ....

05/12/2010 : rahul collect salary advance
250.00 dhs
15/12/2010 : sameer collect salary advance
500.00 dhs
( here rahul salary 2500.00 dhs/ month )
( sameer salary 2500.00 dhs / month)

the co,does not pay salary at end of the month,ie 31/12/2010 and they will paid 15/01/2011.
here how many entries need in tally ...
and which amount will come salay payable ..
and which amount will come as salary
pls provide brief information as early as possible ,,,,
and mail me umer.binhassan@gmail.com

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

20 January 2011 Just one entry is enough, pass the salary payable entry as follow

Dr: Salary -Rahul 2500dhs
Dr: Salary -Sameer 2500 dhs
Cr: Salary advance- rahul 250 dhs
Cr: Salary advance- Sameer 500 dhs
Cr: Salary payable 4250 dhs

while payment on 15/1/2011

Dr: Salary payable 4250 DHS
C: Bank 4250 DHS

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

21 January 2011 05/12/2010

DR. Salary advance- rahul 250 dhs
CR. Bank / CASH 250 dhs

15/12/2010 :
DR. Salary advance- sameer 500 dhs
CR. Bank / CASH 500 dhs

on 31/12/10:
Dr: Salary -Rahul 2500dhs
Dr: Salary -Sameer 2500 dhs
Cr: Salary advance- rahul 250 dhs
Cr: Salary advance- Sameer 500 dhs
Cr: Salary payable 4250 dhs

on 15/1/2011

Dr: Salary payable 4250 dhs
Cr: Bank / cash 4250 dhs

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now