Suppose Sunil nam ke employee ko salary dena hai
Bank statement me rs. 12800 hai
Uski actual salary rs.18000 hai
Professional tax Rs. 200 deduct ho gaye
Aur usne advance rs 5000 liya tha
To uski entry tally me kaise hogi
Bank statement me rs. 12800 hai
Uski actual salary rs.18000 hai
Professional tax Rs. 200 deduct ho gaye
Aur usne advance rs 5000 liya tha
To uski entry tally me kaise hogi
Entry for Advance Salary
Advance Salary Dr 5000
To Bank 5000
Entry for Salary Paid
Salary Exp 18000
To Advance Salary 5000
To Bank 12800
To Professional tax 200
Both Entries are Payment Entries
Advance Salary is a Current Asset,Salary is expense ,Bank under Bank Account and professional tax is duties and taxes