35000 and net payable to him is rs. Gaddamsubramanyam tallyprofessor tallytutorials tallyerp9classes journalentyintally journalvouchersthis video will describe how to enter journal entries.
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Journal entry for outstanding expense.
Salary journal entry in tally. Salaries and wages a c dr. Show accounting and journal entry for director s remuneration at the end of the year if the payment is done via cheque. Example journal entry for director s remuneration the board of directors for unreal corp.
Suppose salary amounting to rs 60000 were paid during the year december 31 2016 this amount will then shown in the trail balance drawn up at the date suppose further that salary amounting to rs 5000 are outstanding on december 31 therefore the total expense on salary for the year will be 65000. We sdould show the gross salary transations in the tally books. Then his net salary will be 30000 but we debit his salary rs.
Approved a payment package of 1 00 000 per month including the bonus for one of its directors. Normal salary entry as above example normal salary entry will be look like this. Salaries and wages figure will directly goes to the prifit andv loss account to reduce pofit.
At the time of credit of gross salary the entry is. At the time of payment debit all credit items to cash or bank account.
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