Hi,
i have one query
if from one company we are paying salary from our petty cash
so how to show the salary paid in other company
thanks
3 Replies
Manjunatha M K
(Manager - Accounts)
(318 Points)
Replied 09 July 2012
Your Question is not clear. Please explain your Question
CS BHAVIK HARSHAD SHAH
(Company Secretary)
(1662 Points)
Replied 09 July 2012
means i am paying salary from petty cash for my xyz company & petty cash is for abc company
so how to show it .
& how to pass entry
Manjunatha M K
(Manager - Accounts)
(318 Points)
Replied 09 July 2012
In the Books of Paying Company
Debit the Other Company A/c to which Salary Belongs to
Credit the Petty Cash
In the Books of Other Company
Debit the Salary A/c
Credit the Company A/c which paid the Salary (i.e.Paying Company)
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