Tds
This query is : Resolved
Jishnu S Raj
(Querist)
18 December 2014
Paid salary to my manager Rs 324000 for an year..what is the right journal entry be to passed on the same ...need help???
Amol S Joglekar
(Expert)
18 December 2014
Normally the procedure followed is every month the entry is passed.
01. Debit Salary
Credit Salary Payable.
02. Debit Salary Payable
Credit Bank/ Cash as the case may be.
01. Debit Salary
Credit Salary Payable.
02. Debit Salary Payable
Credit Bank/ Cash as the case may be.
Rupesh Jain
(Expert)
18 December 2014
salary exp a/c dr
to salary payable.
salary payable a/c
to bank a/c
to salary payable.
salary payable a/c
to bank a/c
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