How can we post Salary, PF etc., can anybody tell me the
entry

Answer Posted / dhuha abdur rahman

Sorry, a mistake has occured..
For Employer's same share of contribution to PF:
Employer's contr. to PF a/c dr 1000
To PF payable a/c 1000

OR ELSE, we can pass a compound entry for both Employees's
and Employer's contr. to PF along with ESI plus TDS also..

Salary a/c dr
Employer's PF contr. a/c dr
Employer's ESI contr. a/c dr
To TDS on salary a/c
To PF payable a/c
To ESI payable a/c
To Salary payable/Bank/Cash

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How do you avoid loss situation

1481


What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.

1831


what are the customization u have done in sap mm

1809


What is the meaning of Debt reconciliation and how to do debt reconciliation?

1856


can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com

1630






what is the frienge benefits tax?what is usefull?

1572


Where to enter bonus and pf esi in tally pls help for me

1547


what is sales life cycle???

1508


Examples of automatic generated content material of car logbook loans?

1327


what is waybill key number & how can it be issue?

1829


how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000

1617


Short Answer on ________Accounts Payables

1500


Please do tell me about the questions which are asked at BACS FINAL ROUND.

1690


What's the meaning of Preferential Creditor?

1681


legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?

2636