Accounting entry for deduction from salary

A/c entries 30697 views 15 replies

If Gross Salary is Rs 50000/- per month.

Hostel Allowance @ Rs 750/- per month.

EPF deducted Rs 1800 

Employee present 28 days in a month & 2 days salary will leave without pay.

And also taken advance for Rs 5000/-

What actual journal entry & bank entry will be passed for accounting.

 

Replies (15)

If Gross Salary is Rs 50000/- per month.

Hostel Allowance @ Rs 750/- per month.

EPF deducted Rs 1800 

Employee present 28 days in a month & 2 days salary will leave without pay.

And also taken advance for Rs 5000/-

What actual journal entry & bank entry will be passed for accounting.

 


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