Salary entry
This query is : Resolved
04 April 2012
DEar Sir,
I got salary from x company than how pass entry in tally total salary 25000,P.tax deducted 200 & tds deducted 500 tha how pass entry in my indivisual books of account
I got salary from x company than how pass entry in tally total salary 25000,P.tax deducted 200 & tds deducted 500 tha how pass entry in my indivisual books of account
04 April 2012
1. For salary due to be recieved
Salary Receivable A/c Dr
To Salary A/c
2. For receipt
Bank A/c Dr
Professional Tax A/c Dr
TDS Receivable A/c Dr
To Salary Receivable
Salary Receivable A/c Dr
To Salary A/c
2. For receipt
Bank A/c Dr
Professional Tax A/c Dr
TDS Receivable A/c Dr
To Salary Receivable
04 April 2012
P.TAX WHICH HEAD ME MENTIONED
04 April 2012
SALARY RECEIVABLE WHICH HEAD MENTION
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04 April 2012
Salary Receivable, TDS receivable are current assets.
Professional tax is expense because it is allowed as a deduction from salary income.
Professional tax is expense because it is allowed as a deduction from salary income.
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