How to enter every month employees salaries in P&L a/c and
why we use JOURNAL VOUCHER for salaries?
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Answer / syed iliyas
Not only the salaries but all the transaction entries are
need to enter in journal first for proper accounting. And
salaries are entered by debiting employees account and
crediting the bank or cash (by which mode it has paid). And
regarding the p/l account when ever will be p/l account is
prepared it was automatically has to take as indirect
expences in the profit and loss account.
| Is This Answer Correct ? | 6 Yes | 3 No |
A worker has time rate of Rs. 15/hr. He makes 720 units of a component (standard time 5 minutes/unit in a week of 48 hours). His total wages including Rowan bonus for the week is _____. A. Rs. 792; B. Rs. 820; C. Rs. 840; D. Rs. 864.
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