AA-33-Employee Salary and Overtime Account

Originally posted by : My Videos
	Dear Raja PM Sir,as per your reply, I got that entry can be separated but account will be same. have I got right ?

Dear,

Yes, The Account is same as under "EMPLOYEE'S BENEFIT EXPENSES".

After this separate entry, You can get details like Total actual salary, Total Overtime salary... Both of the Value is Salary Account...

No more specific provisions for separate follow ups. But, The separation give us statements like above...

Good Luck....

Dear Raja PM Sir,

Thanks a lot to educate. 

Dear Raja PM Sir, 

Can you also educate me on following:

How can we record an advance receipt invoice with charging sales tax in accounts ?

For Example:

We have to raise an advance receipt invoice of RS. 100, 000 at rate of 10% sales tax to our clint on 1-8-23; how we will record it in accounts.

Further, please also educate that when advance payment against this invoice will receive after 2 days 3-8-23; how we will record it in accounts too ?

It is requested to please share journal entries of both cases. 

Dear Raja PM Sir,

kind response awaited on above. 

I can't understand this...

Response awaited from Raja PM Sir. 

How you prepare the invoice as you told the advance receipts invoice...???!

How you prepare the invoice as you told the advance receipts invoice...???!