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wages,conveyance,hra,spl allowance,P.F,& ESI payable
journal entry?

Answers were Sorted based on User's Feedback



wages,conveyance,hra,spl allowance,P.F,& ESI payable journal entry?..

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

wages,conveyance,hra,spl allowance,P.F,& ESI payable journal entry?..

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

wages,conveyance,hra,spl allowance,P.F,& ESI payable journal entry?..

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

wages,conveyance,hra,spl allowance,P.F,& ESI payable journal entry?..

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

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