What is the journal and payment entry of P.F and E.S.I
Answer Posted / shivi rana
journal entry:
1 Salary A/C Dr
To ESI Employee Contribution payable A/C
To EPF Employee Contribution Payable A/c
To Salary payable A/c
2 ESI Employee Contribution Payble A/C Dr
EPF Employee Contribution Payable A/c Dr
To Bank A/C
3 ESI Employer Contribution A/C Dr
EPF Employer Contribution A/c Dr
To Bank A/C
4 Salary payable A/C Dr
To bank A/C
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what is the journal entry for gas connection taken by company for preparing tea and coffee.
Tell me do you have any idea about service tax or excise?
What steps would you take to locate the errors in case trial balance disagrees?
Key difference between indian accounting standards and international accounting standards is.
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
How can you explain the basic accounting equation?
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
Tell me in accounting, vat abbreviates what?
what is the due date of 28th feb
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
Define depreciation and its types?
Explain me the difference between accounting and auditing?
Mention why some asset accounts have a credit balance?
Explain what is ledger?
Explain me the term material facts in accounting?