Salary A/c Dr (Gross) 10000.00
Salay payabe A/c Cr 9825.00
ESI Payable A/c Cr 650.00
ESI Employer Cont. Dr. 475.00
or
Salary A/c Dr (Gross) 10000.00
Salay payabe A/c Cr 9825.00
ESI Payable A/c Cr 175.00
which is correct entry above entries ?
Answers were Sorted based on User's Feedback
Salary A/c - 10000 dr.
Employer's Cont. to Esi - 475 dr.
Salary Payable 9825 cr.
ESi Payable 650 cr.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / rajesh
The 2nd entry is correct. Because ESI Employer contribution
will come to Payment mode.
for eg.
Payment Entry
By ESI Employee Contribution 100
By ESI Employer Contributin 200
TO Cash or Bank 300
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / saraswati prabhat
Entry is :-
Salary A/c -(Dr) 10000.00
ESI Employer cont -(Dr) 475.00
ESI Employer Cont-(Cr) 475.00
ESI Employess Cont-(Cr) 175.00
Salary Payable -(Cr) 9825.00
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / suresh babu
salary a/c dr 10000
to salary payble (9825-475) 9350
to esi a/c 650
| Is This Answer Correct ? | 0 Yes | 0 No |
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