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

Answer / krishna veni

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 ****

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.

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