Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00

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Question

Salary A/c Dr (Gross) 10000.00
Salay payabe A/c Cr               9825.00
ESI Payable A/c Cr                 650.00
ESI Employer Cont. Dr.   475.00
              or
Salary A/c Dr (Gross) 10000.00
Salay payabe A/c Cr               9825.00
ESI Payable A/c Cr                 175.00

which is correct entry above entries ?

Question Submitted By :: Dayakart

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Re: Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00 ESI Payable A/c Cr 650.00 ESI Employer Cont. Dr. 475.00 or Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00 ESI Payable A/c Cr 175.00 which is correct entry above entries ?

Answer
# 1

The 2nd entry is correct. Because ESI Employer contribution 
will come to Payment mode.
for eg.
Payment Entry
By ESI Employee Contribution 100
By ESI Employer Contributin  200
              TO Cash or Bank     300

Is This Answer Correct ?

4 Yes

1 No

Rajesh

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