| 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
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 Found This Useful? +Vote Up This Page Via Google. Why Vote? User validation is extremely important for good content to prosper. | 1552 views2 replies Knowledgebase Categories |
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