wages,conveyance,hra,spl allowance,P.F,& ESI payable
journal entry?
Answers were Sorted based on User's Feedback
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
Is This Answer Correct ? | 14 Yes | 4 No |
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
Is This Answer Correct ? | 9 Yes | 1 No |
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
Is This Answer Correct ? | 8 Yes | 7 No |
Answer / hetal bijalani
Wages include above all the items so the entry will be
Bank A/c dr
to Wages payable a/c
Is This Answer Correct ? | 1 Yes | 6 No |
Tell me the meaning of long-term notes payable is or long term liabilities?
Tell me do you possess any knowledge about accounting standards?
What do you mean by balancing of ledger account?
what is the meaning of receivables and payable?
what is factory account. Descibe in details
Mention the types of ledgers?
How to do accounting entries in Accounts Payable
If in Baance sheet Furniture is given @ rs.1200000. and an adjustment tells that half of the building is used for residential purpose... then what is treatment in accounts?
HI FRIENDS CAN ANY BODY PASS THIS JOURNAL ENTRY: LOSS OF STOCK PLS PASS THIS JOURNAL ENTRY FRIENDS?
Outstanding rent
A sold a product for 20% profit to B, B sold for 10 % loss for 230. 1, What is sale price of A 2, if A have sold for 500 what is profit % Please explain step by step.
where is transfer company director salary ? is in current liabilites , expenses or other?