Answer Posted / amit verma

Journal Entry for Salary

1. For Creating Due Entry

Salary A/c Dr.
To PF Payable Cr.
To ESIC Payable Cr.
To PT Payable Cr.
To Salary Payable Cr.

2. Employer PF & ESIC Contribution Entry

PF Contribution A/c Dr.
PF Admin Charges A/c Dr.
To PF Payable A/c Cr.

ESIC Contribution A/c Dr.
To ESIC Payable A/c Cr.

3. Payment Entry

Salary Payable A/c Dr.
PF Payable A/c Dr.
ESIC Payable A/c Dr.
PT Payable A/c Dr.
To Bank Cr.

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