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.
- 3 Answers
- 7707 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
How to Finalized Accounts? Please Guide.
You pay for a product and you get the bill. When to book the expenses
What should an organization expect from me?
If salary paid per month Rs 40000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
Allowances means-mobile, trawling is direct exp or indirect exps
what is golden rules of account?
a buyer,purchases a for rs100, b for rs80, c for rs60 and mixed in ratio of 3:4:5 and sells @ 50% profit what wil be d price?
Foreign currency Valuation
what is FIC
what is a promissory note ?
What Does Capacity Cost Mean?
1 Answers Honeywell, JPMorgan Chase,
what are doucement required under registration of properity firm. give the answer breif
Audit 
