Salary entery pass

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2012 Dear sir
if i received basic salay -22000/- and hra 6500/- and conveyance allowance 1500/-
than what entry pass in tally. and whats ledger need to open for it.
and what is the group of HRA and C.A

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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27 June 2012 In the books of recipient, following ledgers shall be created:

Basic Salary
HRA
Conveyance Allowance
(All under direct income)

Entry will be as under:

Salary Receivable A/c Dr
To Basic Salary
To HRA
To Conveyance Allowance

Bank A/c Dr
To Salary Receivable

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2012 AND IF I PAY SALARY TO MY EMPLOYEE
THAN WHAT ENTERY PASS

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 June 2012 Salary A/c Dr
To Salary Payable

Salary Payable A/c Dr
To Bank

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