07 August 2020
Mr X Gross salary 12561 Less P.tax 110 ------------------------------------- 12451 Add Traveling 1626 -------------------------------------- Payment 14077 How to entry this in Bank / Cash Voucher Dr & Cr Wise.
16 August 2020
Hi Sen , plz once go through the basic rules of accounting . anyway first you pass the journal entry of salary & then make payment entry. Salary account. Dr 12, 561/- Traveling exp. Dr. 1,626/- To, Prof tax payable. 110/- To, Salary payable acct 12,451/- To, Mr. X account. 1,626/- (Being salary & exp provision made for .......)
Payment entry :- Bank or Cash Salary payable acct Dr 12451/- Mr X account Dr 1626/- To Bank account 14,077/- (Being payment made to Mr X Vide Chq no ........)
CAclubindia
