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+--- Thread: need assistance (/thread-need-assistance--9035)
need assistance - Excel_Finance - 10-27-2010
I am stuck in big problem and confused now what to do. need your assistance
I had to pay salary of employees in absence of my accountant. which i paid them in cash (means withdrawn cash 1st from company account and then bank prepared Pay orders). amounting 400,000/- instead of cross cheque. Is there any tax or book-keeping complication and how i can get rid of it
secondly actually salaries were 420,000. Reason of less paid was i prepared a cheque of wht of 30000 instead of 10000. Now my signatory is not here and now what to do... should i withdraw cash from tht cheque and submit the balance amounts in the respective employees accounts? because onlything filled on cheque is amount and rest is blank.
Need immediate reply
- Excel_Finance - 11-01-2010
guys pls help