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sir, i m working in an ngo as accountant but new. pleas
clear my doubt in tally. suppose 'a' salary is 5000. he
taken 3000 advance from salary and not returned. i paid a
cheque next month rest 2000. 'b' salary is 10000, taken 5000
advance from salary and returned so i paid him 10000 total
salary. what all to do in tally. is the following procedure
is ok or not?
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Answer Posted / ravire
what i did is, i opened 2 ledgers under direct expenses head
namely sal to a and sal to b. 2 more ledgers under current
liabilities namely sal payable to a and sal payable to b.
for advance payment. for a - sal to a dr. to cash and for b
sal to b to cash. when b refunded - cash dr. to sal to b.
at end of month i passed journal entry as
sal to a 2000 dr.
sal to b 10000 dr.
to sal payable to a 2000
to sal payable to b 10000
and next month when sal paid to a and b
sal payable to a 2000 dr.
to cash 2000
sal payable to b 10000 dr.
to cash 10000
| Is This Answer Correct ? | 2 Yes | 3 No |
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