Interested to Buy Any Domain ? << Click Here >> for more details...
How can we post Salary, PF etc., can anybody tell me the
entry
- 15 Answers
- 22121 Views
- I also Faced
- E-Mail Answers
Answer Posted / taimoor
Salary Expense(Gross) 10,0000 Charge to P&L
Salary Payable 8,000 accrued Liability
Employee Cont- Payable 2,000 accrued Liability
(salary expense includes the Contribution made by the
employee like this)because employer cost is 10,000 rupees
which should be charged to P&l and i.e 10,000
Basic Salary + Allowances in cash= Gross Salary - Deduction
5,000 + 5,000 = 10,000 - 2,000
When payment is made to employee and fund
Salary Payable 8,000
PF-Employee Cont - Payable 2,000
Bank 10,000
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
How does the ration analysis help in depicting profit and loss
What is Free Cash?
Have you worked with other on team endeavors
what is the main link between the income statement and the balance sheet?
what is the frienge benefits tax?what is usefull?
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
what is accounting in automobile
Expand----------SAMC
Mention some of the major contributions made by you in your present and previous jobs
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
what are all the formulas used in bank to calculate their economy
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
INTE3RNATIONAL ACCOUNTING STD
Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?
is indian bank or canara bank CBS brach?
