How to show advance salary in tally ?
This query is : Resolved
16 March 2018
My company has given Advance Salary to an employee Rs. 20,000/-. His actual salary is Rs 13,000/- per month. My company is deducting Rs. 2,000/- per month from his salary against the Advance salary. Kindly tell me how to show these transactions in tally ?
16 March 2018
Salary Dr 13000/-
Salary Advance (under current Asset) 7000 Dr
Deduction Esi /PF/PT/IT Cr ( If any)
Salary Payable 20000
Salary Payable Dr 20000/-
TO cash/ Bank 20000/-
Subsequent Month
Salary dr 13000/-
Deduction PT/PF/ESI/IT Cr
Salary advance Cr 2000/-
Salary Payable Cr 11000/-
Salary Advance (under current Asset) 7000 Dr
Deduction Esi /PF/PT/IT Cr ( If any)
Salary Payable 20000
Salary Payable Dr 20000/-
TO cash/ Bank 20000/-
Subsequent Month
Salary dr 13000/-
Deduction PT/PF/ESI/IT Cr
Salary advance Cr 2000/-
Salary Payable Cr 11000/-
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