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If one person has been paid excess salary in particular
month. In next month we want to deduct the excess given in
last month what will be the entry,
Assume: excess given 2227
This month details : Gross 20058, PF 780, PT 200, and net
must be 16851
all effective figures must consider in entry
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Answer / vijay
Next month we will deduct the amount from that month salary?
X a/c dr xxx
To Salary xxx
(Being Excess amount of salary paid for the month of ---)
| Is This Answer Correct ? | 4 Yes | 0 No |
we deducte the PF on a certain amount, hence we should
deducte that amount in his next salary or give his salary
after deducte the excess amount
This entry should not post in books
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sajeermoidu
xxx a/c........dr 16851
to cash/bank..........16851
salary a/c......dr 19078
pf a/c..........dr 780
pt a/c..........dr 200
to xxx....................16851
to salary adv a/c......... 2227
to pf payable a/c......... 780
to pt payable a/c......... 200
| Is This Answer Correct ? | 2 Yes | 1 No |
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