Deduction from wages
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2013
How can pass Entry when Company deduct sum amount from employees wages for Travelling facility Provide by Company?
Exm : Employee(xyz) Wages
Payment Rs. 12000
deduction Rs. - 1500(Esic/Pf /PT etc.)
deduction Rs. -500 (Travelling Charge is COMPANY Income)
Net Payable Rs. =10000
Exm : Employee(xyz) Wages
Payment Rs. 12000
deduction Rs. - 1500(Esic/Pf /PT etc.)
deduction Rs. -500 (Travelling Charge is COMPANY Income)
Net Payable Rs. =10000
Nikhil Kaushik
(Expert)
22 September 2013
Salary Account A/c
to Provision for Salary A/c
To ESIC/PF/PT A/c
To Traveling charges A/c
to Provision for Salary A/c
To ESIC/PF/PT A/c
To Traveling charges A/c
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