How can we post Salary, PF etc., can anybody tell me the
entry
Answer Posted / prashant bonde
At the time of Salary to Employee
A] Salary A/c Dr.
To Bank A/c
To Employee cont. to PF (A/c No.1)
To Any other Deduction
(Being Salary paid after Deduction)
B] Employers Cont. to PF (A/c No.1) Dr.
Emplyee Cont. to Pf (A/c No.1) Dr.
Employers Cont. to Pension Fund(A/c No.10)
EDLI (A/c No. 21)
Admin. charges (A/c No.2&22)
To Bank A/c
(Being PF Paid for M/o.....)
Is This Answer Correct ? | 3 Yes | 0 No |
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