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if A company pay salary to X 10000 after deduttion of 2000
advance and12% PF . what is the entry of it.

Answer Posted / s p yadav

Salary A/c Dr 12000/-
1.
To PF Employee Cont.A/c 780/-
To Employee Advance A/c 2000/-
To Salary Payable A/c 9220/-

Salary Booked on 31st March'2011

2.
Salary Payable A/c Dr. 9220/-

To Bank / Cash 9220/-

Salary Paid for the month of March_2011.

Is This Answer Correct ?    7 Yes 4 No



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