Driver Salary 2020-21
This query is : Resolved
12 April 2021
Dear Sir,
We have hire a driver in May 2020. His fix salary up to March 2021 is Rs.77000/- ( eleven month @7000/-)
below entry in books of accounts in march month is correct or wrong.
Salary Account Dr.77000/- Indirect exp. ( Driver Salary 11 months)
Salary payable Cr. 77000/- ( Current Liability)
We have hire a driver in May 2020. His fix salary up to March 2021 is Rs.77000/- ( eleven month @7000/-)
below entry in books of accounts in march month is correct or wrong.
Salary Account Dr.77000/- Indirect exp. ( Driver Salary 11 months)
Salary payable Cr. 77000/- ( Current Liability)
12 April 2021
The entry is correct but instead of a single entry for the whole year, it is better to make monthly entries i.e. as and when the salary accrues to the employee.
13 April 2021
exactly make monthly entry and is the driver is working without any salary for so long... and if paid then book the salary directly on monthly basis na
15 April 2021
Thank you Madam
Thank you Sir
Thank you Sir
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