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What is the journal and payment entry of P.F and E.S.I
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Answer Posted / ajay
1.salary a/c Dr. 100
to ESI a/c.(employee) 1.75
to EPF A/c.(Employee) 12.00
to Salary Payable 86.25
(being Salary Payable for the m/o )
2.esi a/c. (employer)a/c.dr 4.75
epf a/c. (employer)a/c.dr.12.00
esi a/c. (employee)a/c.dr 1.75
epf a/c. (employee)a/c.dr 12.00
to bank a/c. 30.5
(Being esi & epf paid)
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