Entry on payment of honororium
This query is : Resolved
05 October 2023
An honorarium of 25000 p.m. to an officer posted in branch office is paid after recovery Rs. 200 towards Prof. tax and remitted to Head office and receive reimbursement for the payment made. what is the entry to be made in accounts of branch office and in ledger in HO accounts please.
kindly guide
kindly guide
21 January 2024
In the books of Branch :
Head office - Dr. 25000
Cash/Bank - Cr. 24800
PT - Cr. 200
In the books of HO:
Salary / Payroll Exp - Dr 25000
Branch Account - Cr 25000
Head office - Dr. 25000
Cash/Bank - Cr. 24800
PT - Cr. 200
In the books of HO:
Salary / Payroll Exp - Dr 25000
Branch Account - Cr 25000
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