Tally voucher entries
This query is : Resolved
11 February 2010
If A is a employee of compny his salary is 50000 Rs per month deduction is tds 10000 rupees & pro. tax ix is 300 rupees. then how to enter in journal & payment voucher in tally ? Which ledger is created & who is debit & credit in entries
11 February 2010
Salary Dr 50,000
To TDS A/c 10,000
To Professional Tax A/c 300
To Salary Payable A/c 39,700
(Being salary due for the month along with the respective statutory liabilities recorded)
___________________________________________
Salary Payable A/c Dr 39,700
TDS A/c 10,000
Professional Tax A/c 300
To Bank A/c 50,000
(Being Salary and tax paid)
To TDS A/c 10,000
To Professional Tax A/c 300
To Salary Payable A/c 39,700
(Being salary due for the month along with the respective statutory liabilities recorded)
___________________________________________
Salary Payable A/c Dr 39,700
TDS A/c 10,000
Professional Tax A/c 300
To Bank A/c 50,000
(Being Salary and tax paid)
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11 February 2010
Salary A/C Dr 50,000
To TDS Payable on Salary A/c 10,000
To Professional Tax payable A/c 300
To Salary Payable A/c 39,700
while making salary payment
Salary payable A/c 39700
Bank A/c 39700
To TDS Payable on Salary A/c 10,000
To Professional Tax payable A/c 300
To Salary Payable A/c 39,700
while making salary payment
Salary payable A/c 39700
Bank A/c 39700
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1 times
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