salary

541 views 4 replies
hi sir,
I am salary person and I am using tally for accounting so please tell me that
1.salary income comes under witch head ?
2.company comes under witch head ?
3.is salary income comes under direct income or capital ?
4.I have to pass JV entry or any other ?
5.company comes under witch head ?
please tell me sir
Replies (4)
1st, it is not mandatory for you to do accounting.
If you are doing so, salary income is your direct income (for accounting purposes) and you have to pass receipt voucher for it. Entry is to pass when you receive it.
Bank/Cash Dr.
To Salary Income (Create Ledger)
2nd & 5th question, i did not understand.

Mr. madhu,

1. you need not to open comany account. 

2. when you received salary. for that you need to pass receipt entry. 

Bank A/c             Dr.

       To salary income A/c

3. Salary income A/c is covered under the head of direct income.

thank u sir and how pass receivable salary month of Jan ??
and I am working for ABC Company so that company comes under witch head in tally???

then company account under current assets


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