Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 8942 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 |
what is days of grace? If possible give me replay on this no. 9885789716.
Any income which is earned in the financial year(2009-10) but received in the assessment year(2010-11) wil be taxable or not?
PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330
Pass the journal entry: rent outstanding
What is SOX?
If drs are deducting amt as TDS , how entry will be passed in books? pls clarify
what is difference between rebate and discount? generally in bill of exchange accounting
what do you mean Provision for bad debit
what is capital and revenue expenditure
When we purchase Some goods Like ( Machinery's) we want to generate way bill ? Kindly Clarify .... Because recently we are purchased medical Equipment for our hospital use but vendor asking Waybill...Shall i give waybill or not Please let me know..?
What is the full form and the application of SAP?
67 Answers DFAS, DynCorp, Ernst Young, Fashion Technology, Haier, LIC, Reliance, SAP Labs, SPS Group,
what is bank reconciliation statement?
Audit 
