What is the journal and payment entry of P.F and E.S.I
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Answer Posted / shivi rana
journal entry:
1 Salary A/C Dr
To ESI Employee Contribution payable A/C
To EPF Employee Contribution Payable A/c
To Salary payable A/c
2 ESI Employee Contribution Payble A/C Dr
EPF Employee Contribution Payable A/c Dr
To Bank A/C
3 ESI Employer Contribution A/C Dr
EPF Employer Contribution A/c Dr
To Bank A/C
4 Salary payable A/C Dr
To bank A/C
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