wages,conveyance,hra,spl allowance,P.F,& ESI payable
journal entry?
- 4 Answers
- 15230 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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
| Is This Answer Correct ? | 14 Yes | 4 No |
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
| Is This Answer Correct ? | 9 Yes | 1 No |
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
| Is This Answer Correct ? | 8 Yes | 7 No |
Answer / hetal bijalani
Wages include above all the items so the entry will be
Bank A/c dr
to Wages payable a/c
| Is This Answer Correct ? | 1 Yes | 6 No |
prepare theree column cash book from the following details on 3/2/06 1 balance (in hand) in the beginning 25,000. 2 recived chaque from x worth 5,000 3 deposited the same cheque into bank on next day 4 deposited 5000 into bank 5 withdrew 1,000 for personal use
Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss
what is the unique thing about employees that employers expect to see at an interviews.
What is executive accounting?
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
Spinoff,Spelloff
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
what's mean of capital reserve and reserve capital
What is the TDS deduction & Service chargges for FY 2011- 2012
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
3. Cash Flow from Operation: Assume a company with an Income Statement showing: Net Income …. $ 180,000/- Depreciation …. $ 80,000/- Amortization … $ 60,000/- Deferred Income … $ 40,000/- What would be the: a) Cash Flow from operation b) Ratio of Cash Flow
Calculation of closing Stock give example?
25 Answers ABC, Accounting, Crossdomain, EDS, FAIM, Set Trade,
Audit 
