if A company pay salary to X 10000 after deduttion of 2000
advance and12% PF . what is the entry of it.

Answer Posted / vivek mohan nair

Salary A/C Dr. 12000/-
To P.F. 1440/-
To Salary Advance 2000/-
To Salary Payble 8560/-


Salary Payable A/C Dr. 8560/-
To Cash 8560/-

Is This Answer Correct ?    15 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how do made in finalization

1547


Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

1555


How to pass an general entry for materials which are stored in warehouses??????

1835


1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

1541


Explain an example of a tough decision you had to make quickly?

617






Please let me know Under head of Sales Advance?

1521


a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?

946


What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

1641


GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

1067


Is an "account receivable" and "goodwill" real accounts in accounting?

591


what is the primary of for-profit organisation

1367


What are the steps to take before you approve an invoice for payment?

702


How to prepare in yearly turnover?

1672


i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1404


WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?

1923