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
- 6772 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / jagu
salary dr.
pf.cr
esic cr.
advance cr.
tds cr.
salary payble cr.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sudershan.
net salary dr.
pf dr.
esi dr.
tds dr.
salary payable.cr
pf cr.
esi cr.
tds cr.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / 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 |
Please send the all account interview question to me
1 Answers State Bank Of India SBI,
What are all the items come under P&L and Balance sheet?
14 Answers EF, TCS, Wipro,
What is the New GL concept? how do you configure new GL a/c?
what is the difference between depreciation and amortnisation
EXPAND_________SCB
expand P D F
what is purchase tax in rajasthan.
Which document should be attached with purchse & sales invoice?
What is exact difference b/w Accounts and finance
What is meant by the word Liquidation. Give examples
What is retained earnings
Expand B S E
Audit 
