Accounting entry omitted earlier
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
Dear Expert
Salary is paid at in the beginnin of the month but entry was not passed. Please tell how will we record this particular transaction
Salary is paid at in the beginnin of the month but entry was not passed. Please tell how will we record this particular transaction
17 July 2012
If only payment entry was ignored, then it is not a major issue as the entry can be paassed later on. Moreover, it will be reflected in the BRS.
But if the expense booking entry is pending then a lot of ledgers and statutory compliances are going to be effected. TDS, PF, ESI, ll will be effected. Please make sure that this entry was timely passed.
But if the expense booking entry is pending then a lot of ledgers and statutory compliances are going to be effected. TDS, PF, ESI, ll will be effected. Please make sure that this entry was timely passed.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2012
thank you sir
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