Provision

This query is : Resolved

nimesh (Querist)
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22 May 2009 Plz let me know how to make an entry of March slary with TDS and P.T.

How to make provision of salary entry in tally.....

CA.BHARAT BHUSHAN

CA.BHARAT BHUSHAN (Expert)
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22 May 2009 On 31st March...the entry will be made as follows...

Salary A/c ..........Dr
To Salary Payable
To TDS

OR

To Employees (As creditors for Expenses)
To TDS

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HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
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22 May 2009 HI

PASS THE JOURNAL AS ON 31-03-09

SALARIES A/C DR. (WITH FULL AMOUNT)
TO SALARIES PAYABLE (NET AMOUNT)
TO TDS PAYABLE (TDS AMOUNT)
TO PROF.TAX

THE ENTRIES IN 2009-10 FY

SALARIES PAYABLE A/C Dr.
TDS PAYABLE A/C Dr.
PROF TAX A/C DR.
TO CASH / BANK A/C

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