I given one employee loan 50000 and his salary is 15000 . I will deduction loan amount 10000 per month. How do entry cost center wise
Menu
For loan a/c entry
Replies (2)
1 st. entry will be
Salary. A/c Dr 15000
To salary payable to employee A/c Cr 15000
( being salary payable )
when. salary paid after deduction of loan entry will be
Salary payable to employee A/c Dr 15000
To loan A/c Cr. 10000
To Bank. A/ c Cr. 5000
( being salary. paid )
Salary. A/c Dr 15000
To salary payable to employee A/c Cr 15000
( being salary payable )
when. salary paid after deduction of loan entry will be
Salary payable to employee A/c Dr 15000
To loan A/c Cr. 10000
To Bank. A/ c Cr. 5000
( being salary. paid )
Salary payable to employee A/c Dr 15000
To loan A/c Cr. 10000
To Bank. A/ c Cr. 5000
Recent Threads
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
- Should I file Revised Return U/S 139 (5)?
Related Threads
CAclubindia
