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Former Member
Feb 15, 2011 at 05:54 AM

Deduction in Cash Journal

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Dear Experts,

We are trying to post wages through cash journal.

While paying the expenses i am suppose to deduct Professional tax. But how do i account the same in cash journal.

For eg)

Wages Exp = 1000

Less: Professional Tax = 100

Net Amount =900

The accounting entry should be:

Wagesl Exp Dr 1000

Cash Cr 900

Professional Tax Cr 100

How do i account the same while entering the cash journal.

Tried Split Functionality but was not able to split the amount in the cash account side.

Only was able to split the expense side.

Can anyone guide me through this