Answers!
Motor rewinding comes under which head ,---
My dout is Rewinding comes under Repair Charge are which head
Comment
Suppose Salary Paid to 5 Employees A,B,C,D,E 20000 each
In this case we have 2 options
Option 1
Make Salary Sheet of all employees and make single entry for all employees
Salary Dr
To Bank/Cash
Option 2
in case,we want to record Individual employee's name,entry will be
Salary Dr
To A
Similarly for each employee,we pass Separate entry
In this case,A,B,C,D,E are Sundry Creditors
Salary is under Indirect Expense
Note:- Option 1 is more preferable as employee's salary is confidential.Option2 is normally followed by employees having less no of employees
To Learn Salary entry with PF/ESI/TDS,Click
Answer the question...
Motor rewinding comes under which head ,---
My dout is Rewinding comes under Repair Charge are which head
Comment
Suppose Salary Paid to 5 Employees A,B,C,D,E 20000 each
In this case we have 2 options
Option 1
Make Salary Sheet of all employees and make single entry for all employees
Salary Dr
To Bank/Cash
Option 2
in case,we want to record Individual employee's name,entry will be
Salary Dr
To A
Similarly for each employee,we pass Separate entry
In this case,A,B,C,D,E are Sundry Creditors
Salary is under Indirect Expense
Note:- Option 1 is more preferable as employee's salary is confidential.Option2 is normally followed by employees having less no of employees
To Learn Salary entry with PF/ESI/TDS,Click