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if A company pay salary to X 10000 after deduttion of 2000
advance and12% PF . what is the entry of it.
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Answer Posted / s p yadav
Salary A/c Dr 12000/-
1.
To PF Employee Cont.A/c 780/-
To Employee Advance A/c 2000/-
To Salary Payable A/c 9220/-
Salary Booked on 31st March'2011
2.
Salary Payable A/c Dr. 9220/-
To Bank / Cash 9220/-
Salary Paid for the month of March_2011.
| Is This Answer Correct ? | 7 Yes | 4 No |
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