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I have received a cheque from customer and i deposited into
the bank next 4-5 days cheque has been bounced by the bank.
Pls tell me what is reverce entry in the tally for cheque
bounced and which option i will enter in journal or payment
entry.
Salary . is it direct exp or indrect exp.
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Answer Posted / akhila .t.p
Salary is an indirect expense and wages is a direct expense.That's why wages shown on the debit side of the trading a/c, and salary shown on the debit side of the p/l a/c.
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