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"X" company paid the salaries to staff. Then what are the
entry? Is debiting the employee A/c, or Salary A/c? If
salary A/c debited, how we can find if "a" employee salary
paid or not? If we debiting the employee A/c, how to find
how much amount we paid for salaries?
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Answer / venkatesh
Dear sir,
salarys a/c Dr
To bank a/c
(being salary paid to mr.kandan towards salary for the month
of may 09 vide chq.no.xxxxx)
you have to give like this naration then easily we will
findout )
take ledger total salary paid details will come
or
if your debiting to the employee a/c
you have pass the journal entry monthly once
employees a/c Dr
TO BANK A/C
(BEING SALARY PAID)
PASS JOURNAL ENTRY
SALARY A/C Dr
To employee a/c
(being transfered)
better follow salary debit
venaktesh
| Is This Answer Correct ? | 22 Yes | 2 No |
Answer / venkatesh
dear sir,
once you can do your tally
crate group salary
then go to ledger creation
1. mr.ravi salary a/c
under salary
2. mr.raju same as follow above
no` of person emloyee create then easily find out ok
venkatesh
| Is This Answer Correct ? | 5 Yes | 6 No |
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Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.
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