Excess salary paid

If one person has been paid excess salary in particular month. In next month we want to deduct the excess given in last month what will be the entry, Assume: excess given 2227 This month details : Gross 20058, PF 780, PT 200, and net must be 16851 all effective figures must consider in entry.

Replies (6)

In my opinion,excess shall be taken as advance.Because salary is a term of contract.......

Originally posted by : Bhavesh C. Vyas

If one person has been paid excess salary in particular month. In next month we want to deduct the excess given in last month what will be the entry, Assume: excess given 2227 This month details : Gross 20058, PF 780, PT 200, and net must be 16851 all effective figures must consider in entry.


When you paid excess salary of 2,227 to the employee, there will be debit balance in his/her account.

1) Advance Salary A/c............Dr. 2,227

To Employee A/c..................................................2,227

2) Salary A/c...............Dr. 20,058

To P/F.............................................................780

To P/Tax..........................................................200

To Advance Salary........................................2,227

To Employee A/c........................................16,851

3) Employee A/c.............................Dr 16,851

To Cash/Bank............................................................16,851

If you don't pass the first entry and credit employees account with 19,078 (20,058-780-200), then the net balance of the account will automatically be adjusted and balance outstanding will be shown as 16,851. But it will be better to pass the first entry, as it will give you more clarity later on.

ya i m agree wd deepak gupta.

agreee with mr deepak

Good explanation by Mr. Deepak...

Kisi ko galat salary paid kiya or WO return account me diposit hua to uski entry kese karenge

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details