If one person has been paid excess salary in particular
month. In next month we want to deduct the excess given in
last month what will be the entry,
Assume: excess given 2227
This month details : Gross 20058, PF 780, PT 200, and net
must be 16851
all effective figures must consider in entry
- 3 Answers
- 6378 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijay
Next month we will deduct the amount from that month salary?
X a/c dr xxx
To Salary xxx
(Being Excess amount of salary paid for the month of ---)
| Is This Answer Correct ? | 4 Yes | 0 No |
we deducte the PF on a certain amount, hence we should
deducte that amount in his next salary or give his salary
after deducte the excess amount
This entry should not post in books
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sajeermoidu
xxx a/c........dr 16851
to cash/bank..........16851
salary a/c......dr 19078
pf a/c..........dr 780
pt a/c..........dr 200
to xxx....................16851
to salary adv a/c......... 2227
to pf payable a/c......... 780
to pt payable a/c......... 200
| Is This Answer Correct ? | 2 Yes | 1 No |
Expand---------RTSP
WHAT IS ASSESMENT YEAR?
where i can file service tax and when what i need to file service tax?
what is genpact? Tell us about genpact? what is GE? Tell us about GE? Describe your ideal company,location and job? why we should hire you? why do you want to join our company(GE)? What is capital bugeting? Explain the methods of capital bugeting in detail?
20 Answers Bank Of America, GE, Genpact, HCL, ICICI, Oxygen,
What is the meaning of Contingent Liability? Where is it shown in the Balance Sheet?
what is Reconciliation-NOSTRO,VOSTRO?
13 Answers ABC, ANZ, UBS,
what is net profit?
What is Reserv & surplus generally used in Balance sheet.
PL TELL ME PHONE OR MOBAIL IS OUR ASSETS IF YES CAN I TAKE AS ASSETS IN MY BALANCESHEET & PL TELL ME DEPRECIATION JOURNAL ENTRY
Expand N G O
what is minut
what is Rectification of errors?
Audit 
