Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 3 Answers
- 8180 Views
- I also Faced
- E-Mail Answers
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.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What is Acquisition?
What is meant by retiring Bill
what are the rules and regulations of junior accountant
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Three steps for correction in BRS?
Short Answer on ______________House Rent allowance
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
what do u mean by single error and double error in accointing errors?
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
Define `Realisation` Account? Explain the salient features?
what is data entry? what is report generation ?in accounting how it is used .
which are the basic princeples of accountancy... with examples
What is ABC Analysis in industrial function. hw can it s maintain ?
