Salary entry in the books of employee
This query is : Resolved
24 May 2021
required details for salary entry in the books of employee as well as ledgers under group.
24 May 2021
What for the employee is required to maintain books with respect to his/her salary? I mean there is no such legal requirement.
25 May 2021
Bank Dr
salary from ABC Co. Cr ( under capital account )
Year end entries
Employee providend fund Dr
Profession tax Dr
salary from ABC Co. Cr
03 June 2021
I think you should give up accounting. Please don’t take any offence. You could do better in other profession. Apologies for the unsolicited advice
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