HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING
SOFTWARE
Answer Posted / tejas birajdar
To account the PF & ESI in tally we have to pass below entry
Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Cash or Bank a/c Cr xxx
(Being salary paid for the month of xxx)
(Create Salary a/c as expense, ESI & PF a/c as liability)
At the time of PF & ESI payment to Govt.
ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash a/c Cr xxx
(Being ESI & PF payment made to Govt.)
| Is This Answer Correct ? | 44 Yes | 7 No |
Post New Answer View All Answers
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
how can make configration related with electronic bank statment and how can i upload bank statment to system
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
sort out the difference between service provider & service reciepient from the service tax.
What is the difference between Risk, Threat & Hazard?
what is the meaning of Processing Vendor/Employee payments
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
Expand-------NAC
Mention some of the major contributions made by you in your present and previous jobs
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
what is the difference between financial accouning and financial management?
What is back value adjustment/correction in Nostro Reconciliations?
What is Merchandising Accounting process
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
what is purchase tax in rajasthan.