Pass a entry for salary payment basic 5000, HRA 3000,
Medical 200, TDS 500 Adv 200 & deducted PF with narration.
Answer Posted / prashant nalawade
1) Basic SAlary A/c Dr. 5000/-
HRA A/c Dr. 3000/-
Medical exp. A/c Dr. 200/-
To Salary Advance A/c 200/-
To Employees PF contribution 600/-
To TDS on Salary 500/-
To Salary Payable A/c 6900/-
(Being salary payable to Mr.ABC For the month of....)
2) Mr.ABC A/c Dr. 6900/-
To Cash/Bank A/c 6900/-
(Being paid salary paid to Mr.ABC for the month of....)
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