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Gross salary is 762000, PF deducted 38000, ESI deducted 6700, TDS deducted 6000, Advance deducted from staff 12000, net salary sent to bank 699300. How do we enter journal in Tally 7.2
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Answer Posted / justin george
" FIRST OF ALL YOU DON'T MIX U R PAYMENT AND JOURNAL ENTRIES"
1.When you pay the advance where you pass the entry ? If not pass the entry in staff a/c. Kindly pass the full amount on the same date.
2.YOUR Journal Entry Are below!
DR: Gross Salary 762,000.00
CR: PF 38,000.00
CR: ESI 6,700.00
CR: TDS 6,000.00
CR: STAFF A/C. 711,300.00
3.your payment entry is!
DR: Staff A/c. 699,300.00
CR: BANK A/C. 699,300.00
Check the staff ledger now you can see the result
I hope your problem solved, good luck.
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