PAYROLL ACCOUNTING IN M
EXAMPLE -01
# Prepare The Payroll Accounting M/s. AMALA & CO PVT for th
Details as below.
The Opening Balance As on 01.05.2020 as Below.
Details Amount
Cash On Hand 250,000
ICICI Bank 500,000
Capital 750,000
UNTING IN MICROSOFT EXCEL
A & CO PVT for the Month of MAY 2020 and company’s Accounts
ow.
Accounts
PAYROLL ACCOUNTING IN MIC
EXAMPLE -01
EMPLOYEE'S PERSONAL INFORMATION
#There are Three workers & Two Staff are working in M/s. AMALA & CO
EMPLOYEE'S ID EMPLOYEE'S NAME DATE OF JOIN DESIGNATION GENDER
1001 KALEEL 4/1/2020 WORKER MALE
1002 RAMANI 4/1/2020 WORKER FEMALE
1003 NISAR 4/1/2020 WORKER MALE
1004 AKASH 4/1/2020 STAFF MALE
1005 KUMAR 4/1/2020 STAFF MALE
ING IN MICROSOFT EXCEL
M/s. AMALA & CO PVT the details as below.
BANK NAME DATE OF BIRTH BANK BRANCH BANK ACCOUNT NUMBER
ICICI BANK 01-Mar-1991 MAIN BRANCH 6425-3256-2541-9854
ICICI BANK 15-Apr-1990 MAIN BRANCH 6425-5421-6542-6518
ICICI BANK 01-Apr-1992 MAIN BRANCH 6425-9854-6578-2547
ICICI BANK 01-Jan-1988 MAIN BRANCH 6425-9854-6578-1578
ICICI BANK 01-Mar-1989 MAIN BRANCH 6425-9854-6578-9865
PAYROLL ACCOUNTING IN
EMPLOYEE'S PAYROLL INFORMATION
EMPLOYEE'S EMPLOYEE'S MONTHLY BASIC ATTENDANCE
NAME ID SALARY WORKED DAYS
KALEEL 1001 29800 26
RAMANI 1002 22500 23
NISAR 1003 25800 24
AKASH 1004 50000 25
KUMAR 1005 45000 22
Company Policies for Payroll Accounting
01.The MAY month has 26 working days
02.The Overtime allowance (OT) Rate Per Hour For KALEEL, RAMANI,NISAR As Per RS 200 ,145,17
03.Dearness allowance (DA) should calculate 10% On Earned Basic Salary (EBS)
04.House rent allowance (HRA) should calculate 30% From Earned Basic salary (EBS) + Dearness A
05.Traveling allowance (TA) Should Falt Rate 5000 Each Employees
06.Incentive allowance (IA) calculated Based on employee's Past Performance,it will be different
NISAR-1500
07. Provident Fund(PF) should calculate 12% on Earned Basic Salary (EBS) for Employees' contrib
08.Professional Tax (PT) should calculate 15% based on Total Earning (TE)
QUESTIONS
01. Prepare Payroll Raw Data Sheet for the Month of MAY 2020 ?
02. Prepare Payroll Sheet for the Month of MAY 2020 ?
03. Record The Payroll Accounting Entries for the Month of MAY 2020 ?
04. Prepare The Deshboard and Analysis the Payroll Raw Data & Payroll sheet for the Month of M
05. Prepare Pay Slip for the Month of MAY 2020 ?
06. Prepare The Next Month Payroll Book By Using Existing work book ?
07. Prepare Reports For Printing ?
L ACCOUNTING IN MICROSOFT EXCEL
OT OT RATE(PH)
24 HOURS 200
400 MINUTES 145
30 HOURS 170
MANI,NISAR As Per RS 200 ,145,170
asic Salary (EBS)
ned Basic salary (EBS) + Dearness Allowance
oyees
ast Performance,it will be different amount Each month and IA for month Of MAY is KALEEL- 1000, RAM
Salary (EBS) for Employees' contribution
Earning (TE)
20 ?
AY 2020 ?
& Payroll sheet for the Month of MAY 2020 ?
ork book ?
EL
h Of MAY is KALEEL- 1000, RAMANI-500 ,
