Ashish Kumar Tiwari
(Accountant)
(26 Points)
Replied 25 August 2018
Ok it is very easy If you pay salary then simple his ledger will be in salary account because it is may just like remunaration.
then enty will be pass
1. Salary A/c Dr.
To Salary Payble A/c
(Salary Due of Last month)
2. Salary Payble A/c Dr.
To Cash/Bank A/c
Salary paid for the month of ..................)
Suman Sarkar
(Accountant)
(124 Points)
Replied 25 August 2018
profit & loss A/c dr.......
to capital A/c......
amount jo salary allocate huya hai utna hi hoga
uske bad jab payment hoga tab
capital A/C dr.
to Bank/Cash
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 25 August 2018
partner salary
. to salary payable
and
salary payable
. to bank
salary payable under indirect expenses
Ashish Kumar Tiwari
(Accountant)
(26 Points)
Replied 25 August 2018
Wrong Dear, Because it will increase and decrease capital and it is a part of salary not a part of in and out of amount
Ashish Kumar Tiwari
(Accountant)
(26 Points)
Replied 25 August 2018
Salary payble will not be a indirect expenses it will be currrent liablilty
Suman Sarkar
(Accountant)
(124 Points)
Replied 25 August 2018
ok sir but let me clear..
agar partner salry nahi paid kiya gaya due rakha gaya and next FY main to woh capital k sath add hoke capital increase hoke dikhayega.....
Ashish Kumar Tiwari
(Accountant)
(26 Points)
Replied 25 August 2018
Yes fir when we trransfer salary in Salary payble a/c (increase liability) when we prepare balance sheet trransfer all this type of account by journal in Capital a/c just like Salary of Partener/Prop. or Int. on Capital or Int. on Drawing
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 25 August 2018
I AM TALKING ABOUT PARTNER SALARY
Suman Sarkar
(Accountant)
(124 Points)
Replied 25 August 2018
report sabika same e ayega tarika dffrnt hai aur kuch nahi....perfect kaunsa hai yehi malum nahi
Pranay Dubey
(51 Points)
Replied 25 August 2018
saurabh shahu
(Audit Assistant)
(142 Points)
Replied 25 August 2018
DHANYA HO BHAG HAMARE JO AAP CACLUB INDIA ME PADHARE
pratima
(junior accountant)
(22 Points)
Replied 28 August 2018
tally software purchase kiya hai ,tally mai entry kya hogi iski
ABHIJIT MANNA
(ACCOUNTANT)
(447 Points)
Replied 28 August 2018
Tally software A/c ...... Dr.
To Purchaser A/c
then Purchaser A/c ..... Dr.
To Cash/ Bank
Note that Tally software will be under Fixed Assets, It will be better if Creat a group of Computer Accesories and Tally software under this group.
CAclubindia
