in which head ESI A/c will be come?
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it comes under Provisions (current liability)
(JV)
salary a/c dr 100000
To esi payable a/c 1750
To PF payable a/c 12000
To salaries payabl a/c 86250
(PV)
ESI Payable a/c dr 1750
To Bank a/c 1750
PF payable a/c dr 12000
To Bank a/c 12000
Salaries payable a/c dr 86250
To Bank a/c 86250
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Answer / sukanya
esi comes under salaries which payable at the time of full and final settlement
salaries a/c
hra a/c
to pf a/c
to esic a/c
to salary payable a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ravi
it will come in the head of deductions as it will be
deducted from gross salary the roup for this is if it is
payable current liability if it is paid expense
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Answer / srikanth.g
it comes under (provisions) current liability
(JV)
Salary a/c Dr 100000
To ESI Payable a/c 1750
To PF payable A/c 12000
To Salaries payable a/c 86250
(PV)
ESI payable a/c Dr 1750
To Bank a/c 1750
PF payable a/c Dr 12000
To bank a/c 12000
Salaries payable a/c Dr 86250
To bank a/c 86250
| Is This Answer Correct ? | 0 Yes | 0 No |
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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