Jv on 30-06-09

[aliali]

JV on 30-06-09
what will be correct entry on june 30?

1) salary exp(DR) 25000
salary payable.CR 24900
I tax payable.CR 100
(salary for the month of june,accrual book)

or
2.1) salary exp.DR 25000
salary payable.CR 25000
(accrual book)
2.2) salary payableDR 25000
I tax payableCR 100
bank.CR 24900
(payment of salary)

<b>[b]IF same condition apply to party??????</b>

1) material exp,DR 100000
party payable<CR 100000
(material received before 30-06-09)
(probably to pay after 3 month of year closing)

2) material exp,DR 100000
WHT payable.CR 6000
party payable<CR 94000
(material received before 30-06-09)
(probably to pay after 3 month of year closing)