Salary entries in books

A/c entries 665 views 3 replies

 

can anybody tell salary entries with example (full descripttion)

Replies (3)

Bank A/c Dr

To Salary A/c Cr

At the time of making provision for salary,  entry would be as follows:

Salary A/c Dr  xxxx

To- TDS                        xxxx

To- PF                             xxx

To- PT                               xx

To- Salary Payable            xxxxx

At the time of payment of taxes, PF,PT following entry

TDS  DR    xxx

PF DR       xxxx

PT Dr       xxxx

To- Bank                  xxxx

and for salary payment following entry

Salary Payable      xxxx

To-Bank                             xxxx

Agree with Mr. Giridhar


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