sir, i m working in an ngo as accountant but new. pleas
clear my doubt in tally. suppose 'a' salary is 5000. he
taken 3000 advance from salary and not returned. i paid a
cheque next month rest 2000. 'b' salary is 10000, taken 5000
advance from salary and returned so i paid him 10000 total
salary. what all to do in tally. is the following procedure
is ok or not?
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Answer Posted / bharathi
The Following Journals to be passed at the time of advance
paid to a and b
Staff Advance A - Rules (Debit the Receiver) Rs.3000
To Cash/Bank Rules (Credit what goes out) Rs. 3000
Staff Advance B - Rules (Debit the Receiver) Rs.5000
To Cash/ Bank Rules (Credit what goes out Rs.5000
The Following Journal to passed at the time of Receiving or
getting back advance from b
Cash/Bank A/c Rules (Debit What Comes in) Rs.5000
To Staff Advance B Rules (Credit the Giver) Rs.5000
The Following Journal to be passed at the time of making
payment of Salary to A & B
Salary A/c Dr. 5000 - Rules (Debit All Expenses&Losses)
To Staff Advance A 3000 Rules (Credit the Giver)
To Cash/ Bank A/C 2000 Rules (Credit What Goes Out)
(For A'S Salary Account) Explanation: Credited Staff
Advance A account due to we have not received or get back
the advance from Mr. A Hence, we are deducting Rs.3000 from
his salary and crediting the same to his advance account
and balance of Rs.2000 only paid towards his salary account.
Salary A/c Dr. 10,000 Rules (Debit All Expenses & Losses)
To Cash/ Bank A/c 10,000 Rules(Credit What Goes out)
(For B's Salary Account)
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