Tally voucher entries
This query is : Resolved
11 February 2010
If A is a employee of compny his salary is 50000 Rs per month deduction is tds 10000 rupees & pro. tax ix is 300 rupees. then how to enter in journal & payment voucher in tally ? Which ledger is created & who is debit & credit in entries
11 February 2010
Salary Dr 50,000
To TDS A/c 10,000
To Professional Tax A/c 300
To Salary Payable A/c 39,700
(Being salary due for the month along with the respective statutory liabilities recorded)
___________________________________________
Salary Payable A/c Dr 39,700
TDS A/c 10,000
Professional Tax A/c 300
To Bank A/c 50,000
(Being Salary and tax paid)
To TDS A/c 10,000
To Professional Tax A/c 300
To Salary Payable A/c 39,700
(Being salary due for the month along with the respective statutory liabilities recorded)
___________________________________________
Salary Payable A/c Dr 39,700
TDS A/c 10,000
Professional Tax A/c 300
To Bank A/c 50,000
(Being Salary and tax paid)
Message likes :
1 times
11 February 2010
Salary A/C Dr 50,000
To TDS Payable on Salary A/c 10,000
To Professional Tax payable A/c 300
To Salary Payable A/c 39,700
while making salary payment
Salary payable A/c 39700
Bank A/c 39700
To TDS Payable on Salary A/c 10,000
To Professional Tax payable A/c 300
To Salary Payable A/c 39,700
while making salary payment
Salary payable A/c 39700
Bank A/c 39700
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
