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Salary Entry in Tally
May I know how shall I pass entry oF Salary where it includes PF, PT, ESIC...And there are 10 Employees
Replies (1)
Follow these steps:
1.prepare a statement
2. club it prepare a summation.
3. also prepare a summation of the deductions made.
4. pass necessary entries.
5. salary with various heads dr.
6. cr. p fund , p tax with various heads.
7. salary total will match with total .
8. net payable must match with net of debit and credit.
1.prepare a statement
2. club it prepare a summation.
3. also prepare a summation of the deductions made.
4. pass necessary entries.
5. salary with various heads dr.
6. cr. p fund , p tax with various heads.
7. salary total will match with total .
8. net payable must match with net of debit and credit.
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