If A is Employee of the co. his salary is 100000 per
month. tds is 20000 Rs. Professional tax is 200. then
please tell me how to enter in Journal & payment vouchers
in tally
- 9 Answers
- 9492 Views
- I also Faced
- E-Mail Answers
Answer Posted / nagu
Journal Voucher
1) Salaries A/c 1,00,000 Dr
Tds Payable - Salaries A/c 20,000 Cr
Professional Tax Payable A/c 200 Cr
Salaries Payable A/c 79,800 Cr
Payment Vouchers
2) Salaries Payable A/c 79,800 Dr
Bank A/c 79,800 Cr
3) Professional Tax Payable A/c 200 Dr
Bank A/c 200 Cr
4) Tds Payable - Salaries A/c 20,000 Dr
Bank A/c 20,000 Cr
| Is This Answer Correct ? | 42 Yes | 0 No |
Post New Answer View All Answers
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
What is the rate of penalty charged when the given Vat Cheque dishonoured?
Which accounting application you prefer most and why?
What is the disadvantage of double entry system?
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
Tell me what do you think is bank reconciliation statement?
What is trial balance? What does an accurate trial balance suggest?
Explain accounting 101?
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
WHAT ARE THE MOST ELEMENTS OF YOUR JOB?
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
Cash bill of sale so the company can deduct the amount.
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
