Pass a entry for salary payment basic 5000, HRA 3000,
Medical 200, TDS 500 Adv 200 & deducted PF with narration.
Answer Posted / prashant nalawade
1) Basic SAlary A/c Dr. 5000/-
HRA A/c Dr. 3000/-
Medical exp. A/c Dr. 200/-
To Salary Advance A/c 200/-
To Employees PF contribution 600/-
To TDS on Salary 500/-
To Salary Payable A/c 6900/-
(Being salary payable to Mr.ABC For the month of....)
2) Mr.ABC A/c Dr. 6900/-
To Cash/Bank A/c 6900/-
(Being paid salary paid to Mr.ABC for the month of....)
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?
What are the basic and additional conditions for resident and ordinarily resident (ror)?
What we mean by MAT Credit Entitlement ???
due date for issue of C form, if c form is not issue what will be the consequences
how to creat e-vat return in tally
how many form used in sales tax return from begining to ending?
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
Define deferred tax liability? What items come under deferred tax liability?
define double entry bookkeeping
What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....
Our business is an international call center. we are selling antivirus which is buying rs 200 & selling Rs 4500.what will be the purchase & sales.& what will be taxation processor to calculate tax