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?
CA Pallav Singhania
(Expert)
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
CA Pallav Singhania
(Expert)
03 October 2013
Thank you Vaibhav ji..
For the remaining entries...
For the remaining entries...
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