For loan a/c entry



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  

 
Reply   
 

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 )
 
Reply   
 
Accounts Executive

Salary payable to employee A/c Dr 15000

To loan A/c Cr. 10000

To Bank. A/ c Cr. 5000 

 

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU