What is the journal and payment entry of P.F and E.S.I
- 21 Answers
- 216979 Views
- ABC, Chartered Accountant, IBM, Kohinoor, I also Faced
- E-Mail Answers
Answer Posted / mahesh sharma
On Credit of Salary:
Salary ( including Basic Salary & All Allowances) Dr.
Employer Contribution in PF Dr.
Employer Contribution in ESI Dr.
Adm. Charges for PF DR.
Esi Payable ( both Employer + Employee) cr.
PF Payable ( Both Employer + Employee+ Adm Charges ) Cr.
Salary & Wages Payable Cr.
Pf Payment :
Pf Payable Dr
Cash/Bank Cr.
Esi Payment:
Esi Payable Dr
Cash /Bank cr.
Salary payment :
Salary & Wages Payable Dr
cash/Bank Cr.
| Is This Answer Correct ? | 175 Yes | 24 No |
Post New Answer View All Answers
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
how do made in finalization
how calculate intrest on advance tax ? and penalty on vat?
What is full rate on plywood box in haryana sale tax:
How to post salary advance transfer from one branch to another branch ?
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
What is account payee cheque? Expand ctc cheque?
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
how to individual capital account.
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
