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how can we do salary entry. inwhich gross salary, da, hrs,
pf esi etc. included.
tell me what is the journal entry for this type of question.
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Answer / manoj
ESI and PF are often deducted from the Employees' salary. Assume in this case the Employer does not contribute any amount towards PF so it is conceived that Entire contribution of PF was made by employee.
Salary(Gross) A/c Dr
DA A/c Dr
HRA A/c Dr
To PF Payable
To ESI Payable
To Employee ( Net Payment)
Net Payment entry
Employee A/c Dr
To Cash
| Is This Answer Correct ? | 12 Yes | 0 No |
salaries A/c dr *******
(to mr emp for the month of salary)
HRA A/c dr ***
(for the month of HRA)
DA A/c dr ****
(for the month of DA)
to ESI A/c ***
(deducted from EMP salary)
to PF a/c
to EMP Net Amount a/c *******
EPF contribution A/c Dr ****
to EPF a/c ****
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / gulzar.thpl@gmail.com
Dear Manoj tell me the complete entry if Employer is also contribute for P. F. also tell me which type of account or ledger opened for employer contribution for PF.
| Is This Answer Correct ? | 0 Yes | 2 No |
Our company is in manufacturing stage and we had paid advance payment to several suppliers for some construction purposes. As manufacturing stage I want to treat it as Capital work in progress.So kindly advise how can we pass the entries for the same.
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