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For loan a/c entry


Poonam Thakor   25 December 2018

Poonam Thakor

 1 likes  6 points

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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  

prasad Nilugal   26 December 2018

prasad Nilugal

 88 likes  1210 points

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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 )

avater

Aman Kumar (Accounts Executive)     26 December 2018

Aman Kumar
Accounts Executive 
 44 likes  729 points

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Salary payable to employee A/c Dr 15000

To loan A/c Cr. 10000

To Bank. A/ c Cr. 5000 

 


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