yesvijay2004

 Profile Answers by yesvijay2004 Questions by yesvijay2004

• Jun 13th, 2008

 

Payroll Disbursement Journals is the entry which to make towards the payment of netsalary / reimbursements / other income & against the deductions like IT / PT / Statutory & other Company Cost related with employee welfare

vsivaperumal

 Profile Answers by vsivaperumal 

• Dec 17th, 2009

 

When Due:

Salary A/c    Dr  100

To Deductions (Tds, Pf)      Cr 10
To Salary Payable A/c         Cr 90

When Making Payment:

Salary Payable A/c   Dr 90

To Bank A/c                           Cr 90


Tds amounting to 10 paid to government in particular due date.