Interested to Buy Any Domain ? << Click Here >> for more details...
Suppose A company is giving salary to its employees on 10th
of every month. So on which date the salary payable entry
will be passed/due also tell what will be the general entry
for salary payable
- 3 Answers
- 8781 Views
- Enrich, Wells Fargo, I also Faced
- E-Mail Answers
Answer Posted / subhash a.
Dear friend the above answer is absolutely correct. But it
is not teaching him to acquire knowledge properly.
It is the case of a company. Passing entry for each and
every employee may not be possible.
There is a general common entry should be at the end of
each month as below
Salary A/c Dr. xxx
To EPF Payable (employees' contribution only) xx
To ESI Payable (employees' contribution only) xx
To PT Payable (deducted from employees only) xx
To TDS Payable (if deducted from employees' only) xx
To Salary Payable (net amount only) xxx
AND
At the time of payment of salary
Salary Payable A/c Dr. xxx
To Cash / Bank A/c xxx
| Is This Answer Correct ? | 28 Yes | 2 No |
Post New Answer View All Answers
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
Define public accounting?
SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST
Tell me what is trial balance in accounting?
Tell me what is the abbreviation for the accounting terms debit and credit?
if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.
how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..
a person have to buy 2kg items out of 4 differnt price tag item i.e potatoo rs. 10 kg, onion rs. 5 kg , radish rs. 1 kg, and chilli rs. 1 kg in rs 10 how can he do
How can I put Bank Guarantee Receipt entry in Tally ERP9?
Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
What are the four classifications of bad and doubtful debts as per the context of the bank?
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
what are the main important accounting entries for AP and AR ...
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
