Salary to the employee comes under expense or liabilty to the
co? how?
- 5 Answers
- 35271 Views
- Cap Gemini, I also Faced
- E-Mail Answers
Answer Posted / moumita
While making the salary we pass 2 entries
1.Salary A/C ---Dr
To Salary payable A/c
2. Salary payable -- Dr
to Bank A/c
The above mentioned entries does not include PTax, and PF Portion. PTax and Employer's contribution to PF are considered as expenses to the company and on other hand Employee's contribution to PF is a Liability
| Is This Answer Correct ? | 4 Yes | 4 No |
Post New Answer View All Answers
What is invoice accounting rules?
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
EXPAND___________NAA
What is re-financing in Letter of Credit settlement
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
fd redeem interest and principal entry in tally
Short Answer on ___________Finance Bill
What elements of your job do you find most difficult
give the examples of Error of Duplication?and Error of compensatin? with entries
Expand CASA
Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?
how history is helpful for banking?
pls send me capital iq quition paper pls, ihave 2mr interview thanks
