Salary entries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2013
respected sir,
I wanted to ask whether journal entries are passed for each month's salary payable at the month end? or salary provision is created at the year end?please tell the entries.
What are the entries passed for the 4 month salary o/s?
I wanted to ask whether journal entries are passed for each month's salary payable at the month end? or salary provision is created at the year end?please tell the entries.
What are the entries passed for the 4 month salary o/s?
03 October 2013
At the time of Credit of Salary:
Basic Salary A/c Dr.
Allowance A/c Dr.
To PF A/c
To ESIC A/c
To Professional Tax A/c
To TDS A/c
To Salary Payable A/c
At the time of Payment:
Salary Payable A/c Dr
To Cash/ Bank
Basic Salary A/c Dr.
Allowance A/c Dr.
To PF A/c
To ESIC A/c
To Professional Tax A/c
To TDS A/c
To Salary Payable A/c
At the time of Payment:
Salary Payable A/c Dr
To Cash/ Bank
03 October 2013
Agreed with AryanJi..
At the time of payment of Staues>
PF A/c
ESIC A/c
Professional A/c
TDS A/c
....To Bank A/c
Thanks!!
At the time of payment of Staues>
PF A/c
ESIC A/c
Professional A/c
TDS A/c
....To Bank A/c
Thanks!!
Message likes :
1 times
03 October 2013
Thank you Vaibhav ji..
For the remaining entries...
For the remaining entries...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- ITR-Capital Gain
- Taxation on Old jewellery sold
- Reporting in TDS return
- ITR 44AD SECTION
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Residential status of non resident
- GST ISD Query on various AMCs
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
