Laptop security deduction from salary

I have 3 interrelated questions, kindly tell detailed accounting entries of the following 

1. Laptop of 1 lac purchased by company.

2. same laptop given to Sita (employee) for work from home and 50% of laptop amount will be deducted as Security from her next two month's salary.

3. TDS deduction calculation of SITA with respect to above deduction ? and its accounting treatment?

Replies (4)
Quick Summary
This discussion covers the accounting entries for purchasing a company laptop and then deducting 50% of its cost from an employee's salary as security. It details the journal entries for the initial purchase, the salary deduction including security and TDS, and the subsequent refund of the security deposit. The advice clarifies that the salary account is not affected upon refund and recommends consulting a company CA for specific guidance.

Purchase of Laptop entry

Laptop A/c Dr
Input CGST A/c Dr
Input SGST. A/c Dr
To Trade Creditor A/c Cr
( purchase of Laptop)

Laptop A/c   under  Non-current  Asset  , Balance-sheet 

Salary A/c Dr
To Salary payable A/c Cr
To Security Deposit. A/c Cr
To TDS on Salary. A/c Cr
( Salary payable after deduction of security Deposit and TDS)

Security Deposit is Liability of Company to pay back to employee in future So , same will be shown in Liability side .

Thank you for your answer Mr. Prasad Nilugal.

after your second entry, What will be the Journal entry of security deposit refunded to Sita after 5 years?

Are her salary accounts will get affected or not ?

also if we plan to recover 50% of laptop amount as security. Do we have to keep that amount inclusive or exclusive of Gst ? 

After  5 years  refund  entry will be  

Security  Deposit   A/c   Dr 

To  Bank               A/c    Cr 

(  security  deposit  earlier  taken  now  refunded  to employee  as per the agreement ) 

Salary  account  will not  effect  , just  pass entry as above  and write all  details  in narration ,also  you have  issue  Security  Deposit  receipt  to employee  while  accepting  deposit   as documentary  evidence . Discuss  with your  company CA  as well  in this regard . 

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