Creating JL Entry For Internship Stipend

Add JL entry

Posting Date should be month end date. (31/10/2023)

Internship Stipend - debit -10,000 and Internship Stipend Payable - credit - 10,000

Save and Submit.

Add JL entry when payment entry is done.

Posting date will the date on which payment is done. (as per bank statement)(1/11/2023)

Add Reference date and ref no. as per bank statement.

Internship Stipend Payable - debit - 10,000 and kotak - credit - 10000