LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Journal entry

tomjerry (lecturer) (75 Points)

31 August 2014

hire secretary on 1jan 2014 @ rs. 20000. what will be the journal entry in journal.

Reply
Follow
Share

2 Replies

CA Abhishek Goyal (Chartered Accountant) (504 Points)
Replied 31 August 2014

If on permanent basis then treated as salary expense or if for special contract than treat as fees...

Pankaj (Student CA Final ) (52 Points)
Replied 31 August 2014

if you are only hiring someone then no need to pass any Journal entry. JE will be pass at the end of the month if he/she is working as employee. In that case you have to provide for his/her salary basis. If he/she is working as a Professional then JE would be pass as Professional Fees.