04-20-2010, 02:54 PM
You will book salaries with amount of Rs.100,000 and also book WHT with Rs.15,000/-. Hence the general entry will be
Salaries Expense 100,000-------Dr
WHT Payable ----------------------------15,0000---Cr
Accrued Salaries ----------------------- 85,000---Cr
The reason is that WHT deductible on salaries is also your liablity in respect of salaries payable
Salaries Expense 100,000-------Dr
WHT Payable ----------------------------15,0000---Cr
Accrued Salaries ----------------------- 85,000---Cr
The reason is that WHT deductible on salaries is also your liablity in respect of salaries payable
