HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING
SOFTWARE
- 4 Answers
- 19524 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / tejas birajdar
To account the PF & ESI in tally we have to pass below entry
Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Cash or Bank a/c Cr xxx
(Being salary paid for the month of xxx)
(Create Salary a/c as expense, ESI & PF a/c as liability)
At the time of PF & ESI payment to Govt.
ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash a/c Cr xxx
(Being ESI & PF payment made to Govt.)
| Is This Answer Correct ? | 44 Yes | 7 No |
Answer / tarun patel
Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Cash or Bank a/c Cr xxx
(Being salary paid for the month of xxx)
(Create Salary a/c as expense, ESI & PF a/c as liability)
At the time of PF & ESI payment to Govt.
ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash/Bank a/c Cr xxx
(Being ESI & PF payment made to Govt.)
| Is This Answer Correct ? | 31 Yes | 6 No |
Answer / shivakumar
Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Salary payable a/c Cr xxx
(Being salary Payable is Provision entry for the month of..)
(Create Salary a/c as expense, Salary payable a/c, ESI & PF
a/c as liability
Salary payable a/c Dr XXX
ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash/Bank a/c Cr xxx
(Being ESI & PF payment made to Govt and Salary paid to..)
| Is This Answer Correct ? | 19 Yes | 2 No |
Answer / sajjad1
Here i have a ? why we cr the ESI and PF Accounts its
become our Liablities after cr it. Thanks
| Is This Answer Correct ? | 14 Yes | 5 No |
what is the meaning of derivative.
25 Answers Capital IQ, PAD, UBS, Unicon,
what is the need of creation of cost centre in a company ?
EXPAND_________SHRC
what are athe accounting principles?
what is cash in flow and cash out flow?
what is meant by cash purchase?
Define Drawee
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
what is difference between fund flow and cash flow
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
hello I want to know that how export any ledger to excell from tally 5.4
Any body please give me the model paper of capital iq and what they have given the questions and what am i preparing for written test
3 Answers Capital IQ, Finance,
Audit 
