Payroll

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2013
A Joint Venture Company called A prepares monthly payroll & forward to JV partners to Pay. (cash & Bank)

JV Partners are Company B & C

Company B transfers directly Bank Salary

Company B Issues Cash Salary to Company A to distribute

Company A will disburse As & When required

Company B will Raise debit note to company A for full salary (cash & Bank) after 30-40 days

I need journal entry in books of accounts of company A for 1)full Payroll 2) Cash Receipt 3) Debit Note

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 June 2013 Where the actual employees are employed. only preparation of payroll doesnot required any entry

Rupesh Jain

Rupesh Jain (Expert)
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22 June 2013 if employee of join vemture then make entry in JV and
status of fund in JV
if Jv partner are giving fund
pls check in what a/c they giving fund

as share application money or as advances

as share application then issue capital and

if as advance then maintain current a/c of JV partners

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