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Payroll

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 June 2013
A Joint Venture Company called A prepares monthly payroll & forward to JV partners to Pay. (cash & Bank)

JV Partners are Company B & C

Company B transfers directly Bank Salary

Company B Issues Cash Salary to Company A to distribute

Company A will disburse As & When required

Company B will Raise debit note to company A for full salary (cash & Bank) after 30-40 days

I need journal entry in books of accounts of company A for 1)full Payroll 2) Cash Receipt 3) Debit Note
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 June 2013 Where the actual employees are employed. only preparation of payroll doesnot required any entry
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Rupesh Jain

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Rupesh Jain (Expert)
22 June 2013 if employee of join vemture then make entry in JV and
status of fund in JV
if Jv partner are giving fund
pls check in what a/c they giving fund

as share application money or as advances

as share application then issue capital and

if as advance then maintain current a/c of JV partners
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