Tally entries

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jyoti kumari (Querist)
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17 November 2014 DEAR SIR /MAM,

AGER COMPANY APNE EMPLOYEE KO 5000 ADVANCE DETE H OR USKE SALARY MILNE PER 2500 HE DEDUCT KER K USKE BAAKI SALARY DE DETI H TO USME USKE TALLY M ENTRIES KAISE HOGI

Amol S Joglekar

Amol S Joglekar (Expert)
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17 November 2014 create one account "advance to XYZ"
When advance is given debit this account.
When advance is deducted from salary, credit this account.

CA Parul Saxena

CA Parul Saxena (Expert)
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17 November 2014 At the time of giving Advance:-
Staff Advance(under current asset)Dr...50000
To Cash/Bank..........................50000

At the time of adjusting Salary
(Assume Salary is Rs.30000)
Salary Dr........................30000
To Staff Advance.......................2500
To Cash/Bank.........................27500

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jyoti kumari

jyoti kumari (Querist)
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17 November 2014 sir y entry receipt vocher m maine ki

cash a/c dr 2500
xyz a/c 2500
but cash dr. nhi ho rha

Amol S Joglekar

Amol S Joglekar (Expert)
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17 November 2014 go through F6, so that it will take.

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