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please inform me , how to make employee ladger account of
salary...please inform me with entry..e.g if we give 14000
salary, as structure we put it half amount in advance and
half is salary so in this case how to make entry in
employee ledger account...please inform me...both
things..Thank You.
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Answer / hemantmt
creat ledgers Ramlal under creditor and salary paid under
indirect exp then pass the entry like:(14000*12=168000 p.a.)
1) Salary a/c Dr 14000
To Ramlal a/c 14000
Being salary due for the m/o apr
2) Ramlal a/c Dr. 14000
To Cash/Bank a/c 14000
Being Salary paid to Ramlal for the M/O Apr
If you pay Rs.50000 in advance:
1) Ramlal a/c Dr 50000
To Cash/Bank a/c 50000
2) Salary a/c Dr 14000
To Ramlal a/c 14000
according this transaction rs 14000 adjusted as salary for
the m/o apr. end of the year balance will be
Ramlal a/c 50000-14000 = 36000 dr
Salary a/c 14000 dr
| Is This Answer Correct ? | 5 Yes | 3 No |
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