Salary payment entry in case excess 20000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2016
Dear sir,
we have ten staff also giving RS. 10000, 10000 PM to all employee in cash, i.e. total 100000/- PM
my query is.. can i pass combined entry of 100000 in cash for salary payment in tally.
salary to staff DR... 100000
TO cash...100000
if so, will AO allow this,
Regard
vikas
we have ten staff also giving RS. 10000, 10000 PM to all employee in cash, i.e. total 100000/- PM
my query is.. can i pass combined entry of 100000 in cash for salary payment in tally.
salary to staff DR... 100000
TO cash...100000
if so, will AO allow this,
Regard
vikas
Amol S Joglekar
(Expert)
28 September 2016
yes, the AO will allow the same....
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