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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2782)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING 
SOFTWARE
 Question Submitted By :: Harry
I also faced this Question!!     Rank Answer Posted By  
 
  Re: HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING SOFTWARE
Answer
# 1
To account the PF & ESI in tally we have to pass below entry

Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Cash or Bank a/c Cr xxx
(Being salary paid for the month of xxx)
(Create Salary a/c as expense, ESI & PF a/c as liability)

At the time of PF & ESI payment to Govt.

ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash a/c Cr xxx
(Being ESI & PF payment made to Govt.)
 
Is This Answer Correct ?    39 Yes 3 No
Tejas Birajdar
 
  Re: HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING SOFTWARE
Answer
# 2
Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Cash or Bank a/c Cr xxx
(Being salary paid for the month of xxx)
(Create Salary a/c as expense, ESI & PF a/c as liability)

At the time of PF & ESI payment to Govt.

ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash/Bank a/c Cr xxx
(Being ESI & PF payment made to Govt.)
 
Is This Answer Correct ?    29 Yes 4 No
Tarun Patel
 
 
 
  Re: HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING SOFTWARE
Answer
# 3
Here i have a ? why we cr the ESI and PF Accounts its
become our Liablities after cr it. Thanks
 
Is This Answer Correct ?    13 Yes 2 No
Sajjad1
 
  Re: HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING SOFTWARE
Answer
# 4
Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Salary payable a/c Cr xxx
(Being salary Payable is Provision entry for the month of..)
(Create Salary a/c as expense, Salary payable a/c, ESI & PF
a/c as liability

Salary payable a/c Dr XXX
ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash/Bank a/c Cr xxx
(Being ESI & PF payment made to Govt and Salary paid to..)
 
Is This Answer Correct ?    15 Yes 1 No
Shivakumar
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Explain sensex?   3
What is Rate Tds Agsinst Salary if Salary is 15000\- pm   3
What Will Be The Journal Entry In Case Of Credit Note In The Books Of The Sender?   1
What do you mean by Preliminary Expences IBM 7
what is difference between nominal and real account ?   3
Short Answer on ______________Assets   2
Expand---------STRP   2
Choose the right answer When salaries for the month of March paid in April which was already taken into last years account,we have to debit 1.Salaries account 2.salaries payable 3.Employee account   1
expand H R A   7
Due Dates for filing of the following? Vat Returns Service tax Returns Individual Income tax returns Partnership Companies Advance tax Remittances   2
Short Answer on ___________Journal   2
What is Letter of Credit?   2
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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