Journal entry for
Salary paid 100000/- in which (1)pf (2)esi (3) professional tax included
Answers were Sorted based on User's Feedback
Answer / saif
salary dr.
to pf
to esi
to professional tax
to salary payble
Is This Answer Correct ? | 9 Yes | 0 No |
Answer / srikant
salary a/c dr.
to pf a/c
to esi a/c
to professional tax a/c
to salary payable a/c
Is This Answer Correct ? | 4 Yes | 0 No |
Your marketing company has been working on a consulting project for a client. Your team has worked on the project for two months, and it is now year-end. The project will be completed by February of the next year, and the client has not yet been billed. For the financial statement, how should project be classified?Should the costs associated with an uncompleted consulting project be classified as a work-in-process asset on the balance sheet or should the cost be expensed on the income statement as a part of the doing business?why?
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