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Tally Ledger Groups List (Ledger under Which Head) While Creating Ledgers in Tally,We all face the problem of putting ledger in correct head Hence for your reference this ledger list is prepared You can also download the same for future reference Any Party from whom we take loan
Accounting and Journal Entry for Salary Paid Salary is an indirect expense incurred by every organization with employees It is paid as a consideration for the efforts undertaken by the employees for the business Salary expense is recorded in the books of accounts with a journal entry for salary paid Salary is among the most recurring transactions and paid on a periodical basis
Payroll journal entries — AccountingTools Payroll journal entries are used to record the compensation paid to employees, as well as the associated tax and other withholdings These entries are then incorporated into an entity's financial statements through the general ledger
Create Salary, PF, ESI, NPS, PF Admin Expenses Payable . . . To process Salary in TallyPrime, you can create payable ledgers for salary, PF, ESI, NPS and PF admin With a salary payable ledger, you can account for the salary that is earned by an employee but has not yet been paid Gateway of Tally > Create > type or select Pay Head > and press Enter
Advance Salary Journal Entry | Example - Accountinguide When the company makes the payment to the employees at the salary payment date (e g at the end of the month), it can make the journal entry to settle advance salary as below: For example, the company ABC Ltd has the policy to make the salary payment at the end of each month
Journal Entry and Ledger Posting for Salary paid through Bank . . . Journal Entry and Ledger Posting for Salary paid through Bank Account Salaries are the amount of expense which is paid to the employees of a Business Organization against their service provided Generally Salaries are fixed in nature for one Accounting Year Salaries are paid in Monthly Quarterly Half Yearly Yearly basis