Page 233 - Account 10

v. Combined Condition of Salary Deductions:
a. While salary distributing/Offer Deducting Provident Fund, Provident Fund Loan,
Personnel Loan/Tejarath Sapati, Citizen Investment Fund and Income Tax or Social
Security Tax.
Journal Voucher is given below:
Dr. B.E. Salary
Cr. Provident Fund
Cr. Provident Fund Loan
Cr. Personnel Loan/ Tejarath Sapati
Cr. Citizen Investment Fund
Cr. Income Tax/Social Security Tax
Cr. Treasury single Account (TSA)
(Being salary distributed)

b. While salary and allowance distributing at a time after deducting provident fund,
provident fund loan, personnel loan/Tejarath Sapati, Citizen Investment Fund,
Income Tax, Social Security Tax and Advance Salary.
The specimen of journal voucher is given as follows:
Dr. B.E. Salary
Dr. B.E. Allowance
Cr. Provident Fund
Cr. Provident Fund Loan
Cr. Personnel Loan/ Tejarath Sapati
Cr. Citizen Investment Fund
Cr. Income Tax
Cr. Social Security Tax
Cr. Advance Clearance of (Name of Person)
Cr. Treasury Single Account (TSA)
(Being salary distributed after deducting necessary above deduction headings)

c. Combined journal voucher while deducted amount depositing into concerned
offices:
The specimen format of journal voucher is given below:
Dr. Provident Fund
Dr. Provident Fund Loan
Dr. Personnel Loan/ Tejarath Sapati
Dr. Citizen Investment Fund
Dr. Income Tax
Dr. Social Security Tax
Cr. Treasury Single Account (TSA)
(Being deducted amount deposited into the concerned offices)

232 Aakar’s Office Practice and Accountancy - 10 Journal Voucher 233