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how can we do salary entry. inwhich gross salary, da, hrs,
pf esi etc. included.
tell me what is the journal entry for this type of question.
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Answer Posted / manoj
ESI and PF are often deducted from the Employees' salary. Assume in this case the Employer does not contribute any amount towards PF so it is conceived that Entire contribution of PF was made by employee.
Salary(Gross) A/c Dr
DA A/c Dr
HRA A/c Dr
To PF Payable
To ESI Payable
To Employee ( Net Payment)
Net Payment entry
Employee A/c Dr
To Cash
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