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Outstanding salary under which head

WebEPS Contribution Pay Head for employers. Gateway of Tally > Create > type or select Pay Head > and press Enter. Alternatively, press Alt + G (Go To) > Create Master > Pay Head > and press Enter. Enter the name of the Pay Head in the Name field. Select Employer’s Statutory Contributions as the Pay head type from the list of Pay head types. WebTo Outstanding Expense A/c. The above entry opens a new account called Outstanding Expenses which is shown on the liabilities side of the balance sheet. The amount of outstanding expenses is added to the total expenses under a particular head for the purpose of preparing trading and profit and loss account. Salaries & wages outstanding will be ...

TS Grewal Solution Class 12 Chapter 1 Financial ... - StudiesToday

WebUnder which heads and sub-heads following items will appear in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013 : (i) Debentures. (ii) Loose … WebSalary payable is a liability account keeping the balance of all the outstanding wages. If the salary expenses during the year are USD100,000,000, ... The balance sheet of Abdan & Co … brius willis https://proscrafts.com

Tally Ledger Groups List (Ledger under Which Head) - teachoo

WebAccountancy. Download PDF. Read DK Goel Solutions Class 12 Accountancy Chapter 1 Financial Statements of Companies below, These solutions have been prepared based on the latest book for DK Goel Class 12 for current academic year. These solutions for DK Goel Accountancy Class 12 help commerce students understand the concepts of accountancy … WebTS Grewal Solutions for Chapter 1 Financial Statement of a Company Class 12 Accounts have been provided below based on the latest TS Grewal Class 12 book. The answers have been prepared based on the latest 2024 2024 book for the current academic year. TS Grewal Solutions Class 12 will help students to improve their concepts and easily solve ... WebMay 5, 2010 · looking 4wrd 4 ur comments. For Salary A/c to be Dr. ----- follow nominal A/c rule, ( Dr. all expenses,losses, gains and income) For o/s salary to be Cr ----- Follow personal A/c rule ( Cr the giver of the benefit) i know why this question is asked by you... Bcz u got confused in relation to the rule of personal A/c... briva health insurance

How to Create Pay Heads for Statutory Contributions in TallyPrime …

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Outstanding salary under which head

outstanding salary is a ____ for trade - Brainly.in

Web#1 – Initial Recordation. The main salary journal entry will be recorded for the initial payroll. This entry shall record or recognize the gross salary or gross wages Gross Wages Gross wages are the amount of remuneration paid to employees before any deductions like taxes, including social security and Medicare, life insurance, pension contributions, bonuses. … WebQuestion 9 State the major heads under which the item appearing on the equity and liabilities side of a companies’ balance sheet are classified. Solution 9. Point for Students: …

Outstanding salary under which head

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WebBalance Sheet: Show on the liability side (usually under the head current liabilities) Example. Suppose a company paid Rs 10,000 in salaries during the year and evaluates outstanding salaries at Rs 2,000 at the end, show the adjustment of outstanding expense in final accounts. 3. Adjustment of Prepaid Expenses or Unexpired Expenses WebUnder which heads will the following items be shown in the Balance Sheet of a Company (i) Bank Balance (ii) Investments (Long-term) (iii) Outstanding Salary (iv) Authorised Capital …

WebAnswer / ajinkya3089. 1) If company has paid the salary then following condition. apply. salary is the indirect expenses of the company.and we have. posted entry as a profit and loss account Debit..... to salary account. 2) If company has not paid the salary to emplyoee then. following conditons apply. salary is outstanding of company. WebWhen the expenses become outstanding or pre-paid and incomes become accrued or unearned, they fall under this category. For example, Outstanding Salary A/c, Pre-paid Rent A/c, Accrued Interest A/c, Unearned Brokerage A/c, etc. Accounting as an Information System. II. Impersonal Accounts. Impersonal Accounts are further classified as: Real …

WebWhen the expenses become outstanding or pre-paid and incomes become accrued or unearned, they fall under this category. For example, Outstanding Salary A/c, Pre-paid … WebJan 8, 2009 · Indrajit Mondal (Service) (142 Points) Replied 08 January 2009. If the company maintaning their Accounts in Accural Basis then TDS should have deducted on unpaid Salary and the outstanding Salary show in the current liabilities under the head "Outstanding Salary/Salary Payable" along with outstanding TDS on Salary. INDRA. Shikhar (XYZ) (38 …

WebApr 9, 2024 · Outstanding expenses come under the head of Current Liability in the Balance Sheet. ... Outstanding salary, outstanding rent, outstanding subscription, outstanding wages, etc. These outstanding expenses are recorded in the books of finance at the end of an accounting period to show the accurate figures of a business.

WebApr 25, 2024 · Answer: Outstanding salary is liability for an entity, hence it is shown under the head " Current Liabilities" in the balance sheet of an entity. Outstanding salary comes … briva health lake streetWebBalance Sheet: Show on the liability side (usually under the head current liabilities) Example. Suppose a company paid Rs 10,000 in salaries during the year and evaluates outstanding … briva health st cloudWebMay 26, 2024 · Choose Destination: ALT + N to enter > Nature of payment > Advance payment under reverse charge to record advance payment entry in Tally.ERP 9. Phase I: Detailed Steps to pass advance payment entry in tally GST: Step 1. Go to Gateway of Tally > Accounting Vouchers > F5: Payment. Step 2. capture one 21 and wacom intuos proWebMar 31, 2024 · Tally Erp 9 ledger creation under the proper group of accounts is the main part of Tally ERP 9 implementation. In every implementation of a Group-wise Tally ledger … briva health jobsWebFeb 9, 2024 · Calculation of Tax Relief under Section 89 (1) for Salary Arrears. Let us understand the steps to calculate tax relief u/s. 89 (1) with an example: Arjun’s salary is INR 4,80,000 (40,000 per month) for FY 2024-20. His employer raised the salary to INR 7,80,000 (65,000 per month) in April 2024 which is effective from March 2024. briva in sink dishwasher pinterestWebJun 21, 2024 · The director’s remuneration need to be declared separately other than ‘salaries’ head in the company’s books and accounts subjected to TDS under section 194J … brivanholdingsllc gmail.comWebMar 28, 2024 · All types of Sales Accounts like. Sales Local 12 % (Registered) Sales Interstate 12%. Sales Local Nil Rated. Sales Interstate Nil Rated. Salers Export With Bond. … capture of xuzhou