Journal entry of salary
This query is : Resolved
03 July 2014
Dear All
my salary statement has the following heads basic salary 8000, hra 4000, conveyance allowance 800, medical allo. 1250,special. allow.5283, bonus Rs. 667.
when i want to book salary in tally , how should i do it in journal and at the time of payment.
salary for the m/o may is payable on 1st week of june.
please help me on this regard.
my salary statement has the following heads basic salary 8000, hra 4000, conveyance allowance 800, medical allo. 1250,special. allow.5283, bonus Rs. 667.
when i want to book salary in tally , how should i do it in journal and at the time of payment.
salary for the m/o may is payable on 1st week of june.
please help me on this regard.
Guest
Guest
(Expert)
03 July 2014
Salary a/c Dr ( basic +hra+conv)
Incentive a/c dr( Special allow )
Other allowance Dr ( all other all)
to salary payable
at the time of payment
Salary payable
to Bank
We usually do this when we used tally
Incentive a/c dr( Special allow )
Other allowance Dr ( all other all)
to salary payable
at the time of payment
Salary payable
to Bank
We usually do this when we used tally
04 July 2014
you can merge all in salary head.
8000+4000+800+1250+5283+667= salary as exp.
salary payable
to bank
8000+4000+800+1250+5283+667= salary as exp.
salary payable
to bank
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