If a company pay salary all the employee by seprate cheque
and all the employee registed in pf & esi so what is
journal the journal entry in tally? and what i create all
employee a/c in tally?
Answers were Sorted based on User's Feedback
Answer / maveen
1. JOURNAL ENTRY WILL BE
DR SALARY & ALLOWANCE XXXX
TO PROVIDEN FUND XXXX
TO ESI CONTRIBUTION XXXX
TO SALARY PAYABLE XXXX
2. BANK ENTRY WILL BE
DR SDALARY PAYABLE XXXX
TO BANK A/C XXXX
| Is This Answer Correct ? | 29 Yes | 0 No |
Answer / rajat
SALARY A/C DR.
TO ESI
TO EPF
TO SALARY PAYABLE
WHEN SALARY PAID
SALARY PAYABLE A/C DR.
TO BANK
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / b.narasimha rao
salaries a/c dr
to pf on salaries a/c
to pt on salaries a/c
to esi on salaries a/c
to tds on salaries a/c
to salaries payablea/c
when salaries paid
salaries payable a/c
to bank or cahs a/c
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / jagadish
salary a/c dr.
to cash a/c
to esi a/c
to pf a/c
| Is This Answer Correct ? | 13 Yes | 8 No |
Answer / b.narasimha rao
SALARIES A/C DR
TO PF ON SALARIEA/C
TO ESI ON SALARIES A/C
TO PT ON SALARIES A/C
TO TDS ON SALARIES A/C
TO SALARIES PAYBLE A/C
WHEN SALARIES PAYD THROUGH CASH OR BANK ENTRY IS
SALARIES A/C DR
TO CASH A/C OR BANK A/C
| Is This Answer Correct ? | 2 Yes | 3 No |
if current ratio=2.5 : 1 liquid ratio= 1:1 closing stock=rs 45000 calculate current assets current liabilities liquid assets
journal entries.. 1. sold goods for cash $2500 2. sold goods for $5000 on credit 3. received from customer 4. paid creditors $5000
Maintaining assets register
how to calculate process account under fifo and weighte average method in eqivalent production.
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
What are the differences between contrast bookkeeping and accounting
what is the difference between accounting and bookkeeping?
whether depreciation is fundfolw or cashfolw?
What is a contra entry
Tell me what does the standard journal entry includes?
ram is withdrawn goods for personal use(sales price RS.600,Cost Price Rs.500) how to pass entry
when & how interest on unsecured loan is calculated?