if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF .

if A company pay salary to X 10000 after deduttion of 2000
advance and12% PF . what is the entry of it.

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if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF . what is the entry o..

Answer / vivek mohan nair

Salary A/C Dr. 12000/-
To P.F. 1440/-
To Salary Advance 2000/-
To Salary Payble 8560/-

Salary Payable A/C Dr. 8560/-
To Cash 8560/-

Is This Answer Correct ?

15 Yes

2 No

if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF . what is the entry o..

Answer / s p yadav

Salary A/c Dr 12000/-
1.
To PF Employee Cont.A/c 780/-
To Employee Advance A/c 2000/-
To Salary Payable A/c 9220/-

Salary Booked on 31st March'2011

2.
Salary Payable A/c Dr. 9220/-

To Bank / Cash 9220/-

Salary Paid for the month of March_2011.

Is This Answer Correct ?

7 Yes

4 No

if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF . what is the entry o..

Answer / ilangovan

Salary A/c Dt 13636
P.F A/c Ct 1636
Employee Advance A/c Ct 2000
Salary Payable A/c Ct 10000

salary Payable A/c Dt 10000
Bank A/c Ct 10000

Is This Answer Correct ?

0 Yes

1 No

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