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Categories >> Accounting >> Accounting General
 
 


 

 
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Question
Suppose salary of march paid in april then what are the 
entries to be made in Tally in march and april and salary 
payable ledger to be created under which group? and salaries 
to staff ledger to be created under which group? What will 
be the journal voucher entry and payment voucher entry?
 Question Submitted By :: Ravire
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Suppose salary of march paid in april then what are the entries to be made in Tally in march and april and salary payable ledger to be created under which group? and salaries to staff ledger to be created under which group? What will be the journal voucher entry and payment voucher entry?
Answer
# 1
When we are making provisions for salary for the month of
March the following entries to be made

Salary A/c
To Salary Payable A/C
(Being Salary - Provisions for the month of March)

When we are making payment salary pertaining to the month
of March in the month of April The following entries to be
made

Salary Payable A/c
To Cash / Bank A/c
(Being Salary paid for the month of March)


Salary Payable Ledger to be created under Current
Liabilities group
 
Is This Answer Correct ?    7 Yes 0 No
Bharathi
 

 
 
 
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