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What is the journal and payment entry of P.F and E.S.I

Answer Posted / mohd. imran ansari

journal entries
1. Due entries of salary
salaries a/c dr 10000
  to salaries payable a/c 10000

2.  statutory deduction on salary payment entries
salary payable a/c dr   10000
        to esi employee.       175
        to epf employee.     1200
        to esi employer.        175
        to epf employer.      1200
        to Bank/Cash.          7250
3.  payment of statutory deduction
  esi employee a/c dr.        175
  epf employee a/c dr.      1200
  esi employer a/c dr.         175
  epf employer. a/c dr.      1200
        to. bank/cash.           2750

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