Salary related journal entries
This query is : Resolved
Asit Adhikari
(Querist)
31 December 2014
Dear Sir,
Let Mr. Ram works in ABC Co.
Mr. Ram's Gross Salary 17,656/- Provident Fund Rs. 1059/- Profession Tax Rs. 130/- So his net Salary Rs. 16,467/-
Now I am sitting Mr. Ram's Books what will be the Journal entries Pl. tell
at first I want to pass it from JV mode then Payment mode in tally what will be the entries pl. tell urgently need
Let Mr. Ram works in ABC Co.
Mr. Ram's Gross Salary 17,656/- Provident Fund Rs. 1059/- Profession Tax Rs. 130/- So his net Salary Rs. 16,467/-
Now I am sitting Mr. Ram's Books what will be the Journal entries Pl. tell
at first I want to pass it from JV mode then Payment mode in tally what will be the entries pl. tell urgently need
Ketan Shah
(Expert)
31 December 2014
For booking salary income:
Salary receivable A/c Dr. 16467/-
Prof. Tax A/d Dr 130/-
Prov. Fund A/c Dr 1059/-
TO salary income a/c 17656/-
On receipt of salary:
Bank a/c dr 16467/-
TO salary receiveble a/c 16467/-
Salary receivable A/c Dr. 16467/-
Prof. Tax A/d Dr 130/-
Prov. Fund A/c Dr 1059/-
TO salary income a/c 17656/-
On receipt of salary:
Bank a/c dr 16467/-
TO salary receiveble a/c 16467/-
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