Answer / ramesh

Wages a/c Dr xxxx
Conveyance a/c Dr xxxx
HRA a/c Dr xxxx
Spl allowance Dr xxxx
To P.F Payable a/c xxxx
To E.S.I a/c Payable xxxx
To Salary Payable a/c xxxx

Answer / kiran kumar. r 9700473904

generally wages includes all of the items i.e
basic,pf,esi,....etc..

so we dont need to pass seperate entry for all of them.
you can directly pass one entry.

Salary a/c....Dr(total salary exp to be booked)
To salary Payable a/c (amount payble to employee)
To ESI payable a/c
To PF payabele a/c ...etc..(with this credit entry you
are recognising all liabilities . and when you deposite the
same with respective dept you will debit the accounts.

ESI payable A/c
PF payable A/c
Salary payable A/c
To Bank A/c

Answer / thangam gopalan

Wages a/c Dr.
Conveyance a/c Dr.
To Wages Payables
To Conveyance Payables

P.F a/c Dr.
ESI a/c Dr.
To PF Payables
To ESI Payables

HRA a/c Dr.
Spl Allowance Dr.
To Employees Payables

Answer / hetal bijalani

Wages include above all the items so the entry will be
Bank A/c dr
to Wages payable a/c

why dr is on left hand side while cr is on right hand side?

1 Answers  

---

sold goods on credit rs 10000

0 Answers  

---

Is electricity charges are direct or indirect expenses

5 Answers  

---

Tell me what are the three factors that can affect your cash flow and business profitability?

0 Answers  

---

what are accounting standards

1 Answers  

---

---

what is the nature of expenses of a donation

1 Answers  

---

private placement

3 Answers   Capital IQ,

---

IF MY SALARY IS RS.8000 P.M THEN I HOW MUCH I GET BY DEDUCTING P.F & ESI IF COMP DEDUCTS BOTH ESI & PF

6 Answers   AEL, Globarena Technologies, Primaccess,

---

Derivative

2 Answers   Bank Of America,

---

Under which Category TDS payable and TDS receivable will fall explain the rules

1 Answers   JLM Aircon,

---

Can we pay bonus to employees out of Reserves?

3 Answers   UltraTech,

---

When a business man take his net profit from his firm, how will make the entry in cash book?

3 Answers  

---