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How can we post Salary, PF etc., can anybody tell me the
entry
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Answer Posted / praveen sharma
SALARY A/C 10000 DR.
TO EMPOLYEE P.F.A/C 1000 DR.
TO SALARY PAYABLE 9000 DR.
AT A TIME PAYMENT
EMPOLYER P.F. A/C 2000 DR.
EMPLYEE P.G. A/C 1000 DR.
SALARY PAYABLE A/C 9000 DR.
TO CASH A/C 12000 CR.
(BECAUSE EMPLOYER CONTRIBUTION IS A EXP. OF COMPANY AND
EMPOLYEE CONTRIBUTION IS A LIABILITIES OF A COMPANY)
| Is This Answer Correct ? | 4 Yes | 8 No |
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