Answer / ameet narayankhedkar

In financial accounting, a balance sheet or statement of
financial position is a summary of the financial balances of
a sole proprietorship, a business partnership, a corporation
or other business organization, such as an LLC or an LLP.
Assets, liabilities and ownership equity are listed as of a
specific date, such as the end of its financial year. A
balance sheet is often described as a "snapshot of a
company's financial condition". Of the four basic financial
statements, the balance sheet is the only statement which
applies to a single point in time of a business' calendar year.
A standard company balance sheet has three parts: assets,
liabilities and ownership equity

Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx

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