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Journal entry of salary in Tally erp 9

Journal entry of salary in Tally

Salary is an expense for the firm when Salary is paid it is an expense and categorised as Nominal expense therefore journal entry will be :

Example :

Salary paid to Gopal Rs 20,000.

Note name need not to be considered and cash need to be considered as salary is given as cash.

Journal entry is

Salary a/c dr 20,000

To cash A/c

(being salary paid to gopal)

Salary is given by cheque.

under such condition bank account need to be open.

Salary paid by cheque Rs 20,000

Journal entry will be

Salary A/c Dr 20,000

To bank A/c

(being salary paid by cheque)

When salary is outstanding Rs 20,000

Journal entry is

Salary A/c Dr 20,000

To outstanding salary A/c 20,000

(being salary is outstanding)

When goods and cash are given away as salary 

Example :

Cash Rs 20000 and goods Rs 5000 are given away as salary to employee.

Salary A/c Dr 25000

To cash A/c 20000

To purchases A/c 5000

(being goods and cash given as salary)

When salary is given in advance Rs 2000

create following ledger in tally > GOT> Accouting info >Ledger >create

Ledger Under
Advance salary a/c Current asset

Here Advance Salary is Asset hence we need to Debit prepaid salary or advance salary account and credit salary ac

Advance salary A/c 2000

To salary A/c 2000

(being salary given in advance )

How to make Voucher entry in tally erp 9

Entry : Paid salary Rs 2000 for cash 20,000

note : No need to create salary account as it is already created.

How to make journal entry of salary in tally :

  1. Go to gateway of tally > accounting info > ledger > create ledger > Salary A/c under indirect expense
  2. Go to accounting voucher > F2 to change date > F5 payment
  3. Debit salary A/c type the amount 20000
  4. credit cash a/c type the amount 20000

salary paid by cash

salary paid by cash

Example:

When employee ask for advance salary

Mr a emplyee who’s salary is fix Rs 15000 ask for advance salary Rs 5000 then on the day of salary journal entry will be:

Salary A/c Dr 15,000

Advance Salary A/c Dr 5000

To cash A/c 20,000

(being salary paid )

advance salary in tally erp

Now next month salary paid to A in advance is adjusted .

Salary A/c 15000

To advance salary A/c   5000

To cash A/c 20000

(being advance salary adjusted )

advance salary in tally adjustment

The post Journal entry of salary in Tally erp 9 appeared first on Best Tally Accounts Finance Taxation Bank Coaching Institute in dehradun.



This post first appeared on Coaching Tally Accounts & Finance ,taxation,bankin, please read the originial post: here

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Journal entry of salary in Tally erp 9

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