Pass a entry for salary payment basic 5000, HRA 3000,
Medical 200, TDS 500 Adv 200 & deducted PF with narration.

Answer Posted / mohit

Salary Basic A/c Dr.5000.00
Salary Allowance A/c Dr.3200.00
Employer Contribution A/c Dr.300.00 (Amount Assumed)
To Advance Salary A/c 200.00
To PF Liability A/c 600.00(Empyr+Employee)
To TDS A/c 500.00
To Bank/Cash A/c 7200.00

Is This Answer Correct ?    9 Yes 11 No



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