Answer / ramesh

Wages a/c Dr xxxx
Conveyance a/c Dr xxxx
HRA a/c Dr xxxx
Spl allowance Dr xxxx
To P.F Payable a/c xxxx
To E.S.I a/c Payable xxxx
To Salary Payable a/c xxxx

Answer / kiran kumar. r 9700473904

generally wages includes all of the items i.e
basic,pf,esi,....etc..

so we dont need to pass seperate entry for all of them.
you can directly pass one entry.

Salary a/c....Dr(total salary exp to be booked)
To salary Payable a/c (amount payble to employee)
To ESI payable a/c
To PF payabele a/c ...etc..(with this credit entry you
are recognising all liabilities . and when you deposite the
same with respective dept you will debit the accounts.

ESI payable A/c
PF payable A/c
Salary payable A/c
To Bank A/c

Answer / thangam gopalan

Wages a/c Dr.
Conveyance a/c Dr.
To Wages Payables
To Conveyance Payables

P.F a/c Dr.
ESI a/c Dr.
To PF Payables
To ESI Payables

HRA a/c Dr.
Spl Allowance Dr.
To Employees Payables

Answer / hetal bijalani

Wages include above all the items so the entry will be
Bank A/c dr
to Wages payable a/c

adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off

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