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