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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1903)
 Accounting General interview questions  Accounting General Interview Questions (2826)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
Question
HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING 
SOFTWARE
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
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 ?    41 Yes 4 No
Tejas Birajdar
 
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 5 No
Tarun Patel
 
 
 
Answer
# 3
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 ?    17 Yes 1 No
Shivakumar
 
Answer
# 4
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 3 No
Sajjad1
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Depreciation is asset or liability? JPMorgan-Chase 9
how are the items of the p& l linked to the items in the balance sheet   1
what diff. between panelty and interest in d-vat.what is the rate of panelty and intrest?   4
concepts of accounting Genpact 5
What is RTGS system and when it was formulated and who?   2
What is Fringe benifits tax?   3
How much time does it take for a pay order to be made?   1
what is the concept of finance accounting?   1
expand B R S   3
dada proposed to start a business. He had only N10,000 which was not enough to start the business, he got a loan of N10,000 from his bank   1
Is Advertising expences treated as capital expenditure or deffered revanue expenditure   3
what is the diff between reversal and cancellation entries? ABN-AMRO 3
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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