[Debit] Salaries Expense
[Credit] Salaries payable (balancing amount)
[Credit] Deductions
example of an depreciation asset
debit salary expensecredit cash
salary account debtor to salary outstanding account
furniture account a/c dr 10000 to cash a/c 10000 journal entries are always passed first than ledger creation.
purchases a/c 1000...dr. cash a/c 1000...cr.
[Debit] Cash / bank / goods / assets [Credit] Partner's capital account
yes,without the knowledge of journal entries one cannot pass journal entry in tally tally focuses on accounting principles(real a/c,personal a/c,nominal a/c) from the beginning of journal entries to the final stage,i.e.,preparation of profit and loss account and balance sheet in an easy manner so that even a lay man can grasp the subject easily.
purchase 1400 dr. ram 1400 cr.
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
opening stock doesn't come in trail balance because trail balance is the balance of ledger accounts or where only two way process of dr and cr is there and we do not pass entries for consumption in journal and do not prepare any ledger account for it. That's it
The COUNTIF function.
Simple MBBS pass or GP, salary is 2000 Euro per month