Salary entry and deduction
This query is : Resolved
RAHUL MISHRA
(Querist)
20 May 2019
If your salary is 40000 in that Basic is 30000, HRA 5000 and conveyance 5000 and deduction will be PF 2000 and TDS 2000 So what will be entry pass in books ???
Amol S Joglekar
(Expert)
07 June 2019
in the books of payer
debit salary 40,000
credit bank/cash 36000
credit PF deducted 2000
credit tds 2000
debit salary 40,000
credit bank/cash 36000
credit PF deducted 2000
credit tds 2000
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