Answer / ramesh

Wages a/c Dr xxxx
Conveyance a/c Dr xxxx
HRA a/c Dr xxxx
Spl allowance Dr xxxx
To P.F Payable a/c xxxx
To E.S.I a/c Payable xxxx
To Salary Payable a/c xxxx

Answer / kiran kumar. r 9700473904

generally wages includes all of the items i.e
basic,pf,esi,....etc..

so we dont need to pass seperate entry for all of them.
you can directly pass one entry.

Salary a/c....Dr(total salary exp to be booked)
To salary Payable a/c (amount payble to employee)
To ESI payable a/c
To PF payabele a/c ...etc..(with this credit entry you
are recognising all liabilities . and when you deposite the
same with respective dept you will debit the accounts.

ESI payable A/c
PF payable A/c
Salary payable A/c
To Bank A/c

Answer / thangam gopalan

Wages a/c Dr.
Conveyance a/c Dr.
To Wages Payables
To Conveyance Payables

P.F a/c Dr.
ESI a/c Dr.
To PF Payables
To ESI Payables

HRA a/c Dr.
Spl Allowance Dr.
To Employees Payables

Answer / hetal bijalani

Wages include above all the items so the entry will be
Bank A/c dr
to Wages payable a/c

what is three equity security data points

1 Answers  

---

my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.

0 Answers  

---

whats the sales tax slab and company's turnover professional tax slab

0 Answers  

---

what is the meaning of banking

0 Answers  

---

WHAT IS A CREDIT NOTE AND DEBIT NOTE IN RESPECT TO A TRADING COMPANY?

3 Answers  

---

How use Budget in SAP, i want to see the report of variant between budget and actuals.

0 Answers  

---

WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS UNDER :. SUB TOTAL = 428325.45 VAT @12.5%= 53540.68 Additional vat 1%= 4283.25 ORDER DISCOUNT = (9722.99) ROUNDED OFF = 0.39 -------------------------- NET AMOUNT = 476426.00

2 Answers  

---

We are facing problem in Capital Goods when our other unit send us Capital goods we book it in Fixed assets but if we transfer the same capital goods to other unit we have to make sale bill in which this item goes to inventory, and the qty is shown as negative balance, but our unit is asking for Invoice, Please explain how we will settle this qty from assets as per excise rule.

1 Answers  

---

what is depriciation?explain all methods of depriciation?and give more dwtais about depriciation?

5 Answers  

---

if profit increase by 25percente, how much consumtion level ll be decrease to kept cost of goods sold same?

1 Answers  

---

I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

0 Answers  

---

What is the Difference Between Sales Tax and VAT ?

7 Answers  

---