Partners salary- in tally erp 9
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12 August 2017
Sir,
How we will account Partners salary in tally....under which head? which ledger or groups are require for it....please guide me
How we will account Partners salary in tally....under which head? which ledger or groups are require for it....please guide me
12 August 2017
Go to gateway of tally, then account info, group, create, write p&l appropriation, under PRIMARY, nature of group expenses set all other options as NO.
now while doing entry
create account MR X (Remuneration) under above group on debit side
similarly for credit part of entry
create MR X remun. under MR X capital account and credit it.
this is needed to be done using journal voucher.
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12 August 2017
please note the difference between spelling of remuneration, you need to make two ledger so use two spelling. one is to be made under p&l appr and other in capital account of respective partner.
I have told you how to create p&l appr account. once created you can see this account in P&L BELOW the. indirect expenses, above the net profit. hope this helps
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12 August 2017
Sir,
is there is entry like following:
SALARY TO PARTNER
TO, CASH
is there is entry like following:
SALARY TO PARTNER
TO, CASH
12 August 2017
p&l appropriation (remuneration) debit
To partners capital-remuneration a/c
and then
partners capital- remuneration a/c debit
to cash/bank
this is a proper way
in either case create p&l appropriation a/c for better presentation for remuneration, interest and profit distribution
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