What is the journal and payment entry of P.F and E.S.I
Answer Posted / sandeep
1.salary a/c Dr. 100
to ESI a/c.(employee) 1.75
to EPF A/c.(Employee) 12.00
to Salary Payable 86.25
(being Salary Payable for the m/o )
2.esi a/c. (employer)a/c.dr 4.75
epf a/c. (employer)a/c.dr.12.00
esi a/c. (employee)a/c.dr 1.75
epf a/c. (employee)a/c.dr 12.00
to bank a/c. 30.5
(Being esi & epf paid)
Is This Answer Correct ? | 527 Yes | 102 No |
Post New Answer View All Answers
Explain me your current/former role, your responsibilities, and how success is/was measured?
How use Budget in SAP, i want to see the report of variant between budget and actuals.
Explain me scrap value in accounting?
What is meant by partitioning?
What is the journal entry of building rent and TDs payment?
What is the purpose of a balance sheet?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
What is dd and a in oil and gas accounting?
What all are the documents need to check for a supplier payment?
Define a company's payable cycle?
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
What is the double entry system explain its rules with examples?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
how to assign the cost center to GL Account in SAP (FICO)