SALARY ENTRY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2010
We r paying salary to our employee as under mentioned structure:
BASIC 5000/-
HRA 2000/-
CONVEYANCE 1000/-
IF I MADE ENTRY FOR ABOVE PAID SALARY AS UNDER IS IT OK FOR I.TAX POINT OF VIEW
SALARY DR. 8000/-
SALARY EXPENSE PAYABLE CR. 8000/-
SALARY EXPENSE PAYABLE DR. 8000/-
BANK CR. 8000/-
BASIC 5000/-
HRA 2000/-
CONVEYANCE 1000/-
IF I MADE ENTRY FOR ABOVE PAID SALARY AS UNDER IS IT OK FOR I.TAX POINT OF VIEW
SALARY DR. 8000/-
SALARY EXPENSE PAYABLE CR. 8000/-
SALARY EXPENSE PAYABLE DR. 8000/-
BANK CR. 8000/-
02 September 2010
Yes... Nothing objectionable.
You must keep the comprehensive salary sheet for the detailed record.
You must keep the comprehensive salary sheet for the detailed record.
CMA Ramesh Krishnan
(Expert)
03 September 2010
yes. entry is correct, also as suggested by expert keep detailed record
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