plz provide the solution of this Tally entry:-
Make provision for salary payable for the month of april 09,
Salary Rs. 126000/
(cost center- production Rs. 30000
(Cost center- Finance Rs. 25000
(Cost center- Marketing Rs. 45000
Cost Center- Admin Rs. 15000
Cost center- purchase Rs. 11000
P. Tax Payable Rs. 1500
PF payable Rs. 3500
TDS- Salary 1000
Salary payable Rs. 120000
The Entry will be as under ;
1. Make the sub head of all dept salary under head Salary
2. Do the entry debiting all the sub head and make the credit to pf, tds, and salary payable with the respective amounts.
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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CAclubindia
