matiary Started The Discussion:
we posted a journal entry when we paid salary
1. Salary A/c Dr
to cash Cr
When salary Due at the end of 31st March the journal enetry is
2. Salary A/c Dr.
to Salary Payable A/c
and then when we pay the journal entry is
3. Salary Payable A/c Dr.
to Cash A/c
In case - 1. we create debit voucher- Being salary paid to Mr..ABCD....
But can I know what will be in the Debit voucher in case no-2 & 3.
In which case we will create debit voucher i.e 2 or 3. Please let me know
31st March 2011 From India , Koraput

In case 2: Salar A/c Dr. To mr. ABCD (For Salary due) In case 3: Mr. ABCD Dr. To cash A/c (For cash paid)
2nd April 2011 From India , Lucknow
Regarding to salaries, payroll maintainance is parallel records (totaly covered under ledgers Salary & Salary payable) to accounting. As per me,
1. Salary A/c DR to Cash/Bank A/c (being salary paid to Mr. ABCD for Feb)- Use Debit Vocher
2. Salary A/c DR to Salary Payable (being provision made against salary of Mr. ABCD for Mar) - Use Transfer/Journal Voucher
3. Salary Payable DR to Cash/Bank A/c (being salary paid to Mr. ABCD of Mar) - Use Debit Voucher
So.....Reply me whenever you will get satiesfactory answer
7th April 2011 From India , Nanded
Please share if you have any insights for this topic page and be part of our fostered professional community at Cite.Co. Avoid "Thank You" posts to preserve the integrity and readability of this page. Instead, help someone else with your knowledgeable inputs. If you have any related query please start a discussion thread.



 
 
 
 





Anonymous (Don't Display Username)


Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network