HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING
SOFTWARE
- 4 Answers
- 17341 Views
- I also Faced
- E-Mail Answers
Answer Posted / tejas birajdar
To account the PF & ESI in tally we have to pass below entry
Salary a/c Dr xxx
To ESI recd. Cr xxx
TO PF Recd. Cr xxx
To Cash or Bank a/c Cr xxx
(Being salary paid for the month of xxx)
(Create Salary a/c as expense, ESI & PF a/c as liability)
At the time of PF & ESI payment to Govt.
ESI Recd. a/c Dr xxx
PF Red. a/c Dr xxx
To Cash a/c Cr xxx
(Being ESI & PF payment made to Govt.)
| Is This Answer Correct ? | 44 Yes | 7 No |
Post New Answer View All Answers
can i get exact salary of clerk in SBI. and i want to know about promotion details .....
plz send me hsbs finance questions asked in the interview ans appitude also
what are the importance accounting entries for AP and AR process in interview..
How many types we are received funds in business purpose
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
What is meant by Revenue Loss
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
What Kind Of Requirements for Vat Refund And Assessment Cases
describe the most complex challenge that you have faced and how you managed it
sort out the difference between service provider & service reciepient from the service tax.
What is Split And buy-back?
What problems might be encountered if there were no accounting standards?
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
