Salary receivable under which group head

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I want to pass the J/V of salary received but confuse for under group head about company name comes under which group head Please help
Replies (7)
Quick Summary
Discussion on accounting for salary receivable. Salary income is recorded under income from salary or indirect income. Payer can be shown as debtor or current asset, and entries passed monthly or when received.

INCOME FROM SALARY

Do you mean you want to show the salary income in the books of accounts of business/profession? If yes, under indirect income

Hi thanks for reply I m want to maintain my individual account in tally but confuse with some under heads in Tally Like I Received salary from my ABC company and i want to pass the J/v By ABC company .......Dr To Salary ............Cr now i m confuse under which group head i will maintenance my company even i received rent so now under which head i will show the payer name in my account

1. INCOME FROM SALARY : ABC Company---Dr To Income From Salary ( Every Month Salary you can entry)

2. INCOME FROM RENT : XYZ Company----Dr To Income From Rent  ( Every Month Rental You can entry)

3. INCOME FROM INTEREST ; Bank----Dr to Income From Interest ( Bank give you Interest you can entry)

like you can entry in tally...........

All the Best......

You can show salary income, rental income etc under INDIRECT INCOME group in Tally. Hope this is clear.

You can shown payer name under head of "Other Current Assets" and Shown ABC Company and XYZ...

Good Luck....

sir/madam

salary receivable a/c in which schedule it comes. 

 

ex: March -19 salary received in April-19. 

what is J.V. then income entry. 

 

 

 

 

    

 

 

 

 

 


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