A Trust has 3 School A,B & C.
Fees collected by all the 3 school is Deposited to Trust Mandal A/c.
After that salary of this 3 School staff is done.
What what will be the journal entry for fees collection and salary payment to the staff by the Trust Mandal in Tally ERP 9 with their groups???
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Branch Accounts Part 2
Replies (1)
Salary a/c dr
to Staff a/c
Income and expenditure a/c dr
to Salary a/c
Trust Mandal a/c dr
to Fees collection a/c
Fees collection a/c dr
to Income and expenditure a/c
to Staff a/c
Income and expenditure a/c dr
to Salary a/c
Trust Mandal a/c dr
to Fees collection a/c
Fees collection a/c dr
to Income and expenditure a/c
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