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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 (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
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 ?    39 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
 
What is contingent event? Capital-IQ 2
I am a non commerce graduate acting as office manager in a construction company. I am interesting to learn accountancy thru short cut methods and in a short duration. Can any body there to help me. I will be pleased to receive any sugessions and learning tips to my e-mail   1
WHAT IS INDIREDT EXPENSES CTS 6
Define the PROFIT.   4
What will be the position of the owener of the company?If the company liablites are more than company assets . a. solvent b. insolvent c. profitable d. liquidity Deloitte 20
What is the journal entry for credit purchases. Genpact 10
what is buy back of share & why a company go for it?   1
What is accounts?   6
what do you mean by dual aspect of accounting?   4
what is bank reconcilations statement Intelenet 2
why all the people prepared balance sheet like liabilities and assets ? why not we prepared like assets and liabilities CTS 2
Stale Cheque entry in the books & when it reissued again then Entry in the books.   2
 
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