Wages and salary

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Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 can i create a salary expenses ledger for both worker(who are directly associated with productio) and employee(who are not directly associated with production)

Amol S Joglekar

Amol S Joglekar (Expert)
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19 November 2014 It is better to keep it in separate set of registers.

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 bt sir i already made lots of voucher of salary expenses which are related to direct production.......so sir can i give effects of both these says wages and salary of professional into salary payment voucher???

Amol S Joglekar

Amol S Joglekar (Expert)
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19 November 2014 If you have already done it, let it be. Henceforth at least start preparing it in separate registers.

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 yea sir i will start it...bt sir is it wrong to make both in salary payment?

Amol S Joglekar

Amol S Joglekar (Expert)
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19 November 2014 Can not say WRONG. But from DISCLOSURE view point (which is the soul of ACCOUNTANCY), it is improper to show both together.

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 thnx a lot sir...

Amol S Joglekar

Amol S Joglekar (Expert)
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19 November 2014 You are welcome.
.
.
.

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 thnx a lot sir...so i have to prepare two separate ledger says salary payment and wages payment....

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 thnx a lot sir...so i have to prepare two separate ledger says salary payment and wages payment....

Amol S Joglekar

Amol S Joglekar (Expert)
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19 November 2014 Yes, that is always better.

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 supervision cost says supervisor or other techinician is it under wages payment??

Amol S Joglekar

Amol S Joglekar (Expert)
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19 November 2014 That will go to Factory Overheads.

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 can i takes it under indirect expense group?

Amol S Joglekar

Amol S Joglekar (Expert)
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19 November 2014 yes. You can take it under indirect expenses

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 thnx sir to solve my all the query..

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 suggest me account keeping related books which helpful for me to write account of company preciously

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