Salaries entries
This query is : Resolved
Mohammed Iqthedar
(Querist)
28 August 2012
Dear All,
I am a B.Com Graduate working in Dubai as an Accountant,I have small confusion about salaries,here in Dubai there is a tax free salaries what are the entries for this salaries, in my company there is only staff insurance.My company is paying 11% insurance as company share and 9% as employee share.The 9% deducting from employee salaries of local(National).what is the enttries for salaries and after paying salaries,what is the entries for insurance.
I hope my request is a favourable considered.
Thanks & Regards
I am a B.Com Graduate working in Dubai as an Accountant,I have small confusion about salaries,here in Dubai there is a tax free salaries what are the entries for this salaries, in my company there is only staff insurance.My company is paying 11% insurance as company share and 9% as employee share.The 9% deducting from employee salaries of local(National).what is the enttries for salaries and after paying salaries,what is the entries for insurance.
I hope my request is a favourable considered.
Thanks & Regards
28 August 2012
Salary A/c Dr
To Insurance Premium Payable
To Salary Payable
Insurance Premium A/c Dr
To Insurance Premium Payable
(Employer's share)
Salary Payable
To Bank
Insurance Premium Payable
To Bank
To Insurance Premium Payable
To Salary Payable
Insurance Premium A/c Dr
To Insurance Premium Payable
(Employer's share)
Salary Payable
To Bank
Insurance Premium Payable
To Bank
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