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How can we post Salary, PF etc., can anybody tell me the
entry
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Answer Posted / deepak
1. at the time of salary booked -
salary a/c dr
to pf payable a/c
to salary Payable a/c
2. At the time of payment -
Salary Payable A/c dr
to Cash/Bank a/c
3. Employer Contibution -
PF Employer Cotibution Dr.
to PF Payable A/c
4. At the time of PF Deposit -
PF Payable a/c Dr
To bank/Cash a/c
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