How to enter every month employees salaries in P&L a/c and
why we use JOURNAL VOUCHER for salaries?
Answer Posted / syed iliyas
Not only the salaries but all the transaction entries are
need to enter in journal first for proper accounting. And
salaries are entered by debiting employees account and
crediting the bank or cash (by which mode it has paid). And
regarding the p/l account when ever will be p/l account is
prepared it was automatically has to take as indirect
expences in the profit and loss account.
Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?
Who to create a budget on software company
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
How will be prepare invoice in tally, please tell me step by step
what is book profit
how can i make transaction related to inflation account in sap ?
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
what are valuation accounts?
can i have practical examples of AS-30
hi guys, pls refer me how to preppare for Indian Bank exams.
diffrence between the profit center and business area
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS
business sepsarate entity concepts
If its is declared by auditor that business is not going concern that what journal entry will be pass?