Salary journal entries

Page no : 2

vasant (employee) (23 Points)
Replied 30 October 2013

for advance salary

vasant (employee) (23 Points)
Replied 30 October 2013

Originally posted by : vasant

for advance salary
for credit and for payment

CA Kunal Kourani (CA) (56 Points)
Replied 25 November 2013

Dear Jitender,

Can you, please provide the logical explantion of :-

Company's Contribution, which you considered to be debited???

Chidananda murthy.G (Accountant) (31 Points)
Replied 09 January 2014

I agree with Mr.Rajesh

Chinmaya Pattanaik (Accountant) (21 Points)
Replied 25 April 2014

if one company collected her revenue in january 2014 what recognised will show in April to dec 7 with entries. kindly help me

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3293 Points)
Replied 25 April 2014

Mr.Jitender advise is correct. But small modification . To salary payable is incorrect. To cash/bank account is correct. Remaining all accounts are o.k.

Yogendra.C (CA - Inter BIlling Executive) (37 Points)
Replied 02 September 2014

Salary Is a Nominal Account.

The Rule Says, Debit All Expences & Losess, Credit All Incomes & Gains,

So, you will have to debit All the expences of the company of which the employee is receiving.

& credit all incomes of the company, or the employee is paying to the company so the entry as follows.

Honey Valecha (Senior Accountant) (35 Points)
Replied 17 November 2014

Dear All,

If my salary is inclusive of monthly bonus so what will be the journal entry for the same & final effect in the balance sheet ??

Also this bonus wil reflect under the head salary only in salary certificate or ant other separate head wil be required for the same ??

Pranav (owner) (226 Points)
Replied 22 December 2015

Can anyone tell what journal entries should be made for salary income?

Ragasudha S (Student) (21 Points)
Replied 17 April 2016

Hello

I want know under which head the 'Gross Salary' to be taken in tally . Is it under indirect expenses of P & L a/c ?

ravi (n) (22 Points)
Replied 16 September 2016

can anyone help to solve this problem pass the journal entry of salary due with following total salary rs.40000 pf contribution employee rs,1000 pf contribution employer rs. 1300 esi contribution employee rs.470 adv to employee rs.500 tds on salary rs.250