what is the realtime work and process on provident fund(pf) as
accountant?
Answer Posted / sita ram
On Joining service every employees having wages/Salry up to Rs 6500/ P Month be enrolled as PF member by alloting him PF number. At the time of making payment or crediting salary voucher E P F @ 12% of his salary Up to 6500/- is to be deducted from his pay. Before 15th of the succedding Month The PF amount deducted ( employees share plus Equil amount as employeer share along with P F and D L I charges is to be uploaded in TXT file on EPF portal to generate ECR file and Challan. The so generated challan having unique TRN number is to be presented to S B I for payment.
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Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
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