how to posting tally esi employer contribution and pf employer contibution not included in salary
Answer / sudha s
journal
salary ac dr
to salary payable
payment
salary payable ac
to esi employee contribution
to pf emplyee contribuion
employer contribution just payment made
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Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
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A and B are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 after allowing interest on capital. Profits apportioned among A and B is (a) 4,680 and 3,120. (b) 4,800 and 3,000. (c) 5,000 and 2,800. (d) None of the above.
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