Cheque Cancelled
This query is : Resolved
07 April 2011
Dear All,
plz my solve quaries.
example:
1.we salary paid F.Y 09-10 & tds deducted & deposited but cheque not issued to employee till dated.
how salary expenses reverse in next financial year 10-11 & new cheque issued.
this ism urgent.
Thanking You
plz my solve quaries.
example:
1.we salary paid F.Y 09-10 & tds deducted & deposited but cheque not issued to employee till dated.
how salary expenses reverse in next financial year 10-11 & new cheque issued.
this ism urgent.
Thanking You
07 April 2011
During FY09-10, the payment entry would be :
salary payable............Dr.
To Bank............................Cr.
Now on reversal :
Bank...............Dr.
To Salary Payable..............Cr.
& again on payment
salary payable............Dr.
To Bank............................Cr.
salary payable............Dr.
To Bank............................Cr.
Now on reversal :
Bank...............Dr.
To Salary Payable..............Cr.
& again on payment
salary payable............Dr.
To Bank............................Cr.
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