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 firstname.lastname@example.org
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
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