Answer Posted / dhuha abdur rahman

Employees are paid net amount of salaries after deducting
their share of contribution to PF.
For payment of salary:
Salary a/c dr 10000
To PF payable a/c 1000
To Cash/Bank a/c 9000

For Employer's same share of contribution to PF:
Salary a/c dr 1000
To PF payable a/c 1000

When PF amount is actually paid:
PF payable a/c dr 2000(Employer's + Employee's share
of contribution)
To Cash/Bank a/c 2000

what is debit/credit note ? what deffered income and expencess?

2802

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I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.

1902

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HOW TO MAINTAIN BANK A/C

2090

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your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework

1888

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Expand-------ASRT

2212

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what are the accounting ratios

2452

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would gross expenditure vouch the correctness or otherwise of the given expenses?

2104

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Weather Entry tax on consumable goods purchased against CST

2148

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Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

2288

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

2121

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What is Split And buy-back?

2712

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EXPAND___________NBW

1913

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after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.

2406

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Expand--------OTA

2137

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What are the stages involved while preparing business blue print with examples?

817

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