Tally entry - salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2013 How can pass Entry in tally (with Group)when Company deduct sum amount from employees wages for Travelling facility (Provide by Company) ?
Exm : Employee(xyz) Wages Payment Rs. 12000 deduction Rs. - 1500(Esic/Pf /PT etc.) deduction Rs. -500 (Travelling Charge is COMPANY Income) Net Payable Rs. =10000

CA Kapil Verma

CA Kapil Verma (Expert)
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24 September 2013 Salary Dr. 12000
To Cash/Bank 10000
To PF/Esi 1500
To Recovery of Travelling 500

Querist : Anonymous

Querist : Anonymous (Querist)

27 September 2013 But (Which Group)use for Recovery of Travelling A/c.

CA Kapil Verma

CA Kapil Verma (Expert)
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27 September 2013 Group should be Indirect Expenses.

The Recovery of Travelling a/c can be set off with normal travelling expenses.

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2013 but it is Income of co.

CA Kapil Verma

CA Kapil Verma (Expert)
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29 September 2013 if reimbursement then set-off with travelling expenses .

if income account as indirect income.

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