Emi

A/c entries 311 views 1 replies

hi there,

Confused!!!!!!!!!!! what should be the entry for making payment of salary and tds  on such salary  which due on the 1st day of april for the month of march if accounting year starts from 1st april of each year, also make me clear about the entry to be done at 31st march of the pr. year.

thanks in advance

Replies (1)

On 31st march (Journal Voucher)

Dr Salary A/c

Cr TDS A/c

Cr Salary Payable A/c

 

 

On 01st April (Payment Voucher)

Dr Salary Payable

Dr TDS

Cr Cash or Bank


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