How can we post Salary, PF etc., can anybody tell me the
entry
Answer Posted / ashwin kumar
Gross Salary a/c dr to pf payable a/c to Accrued salaries
a/c
(Employee salary exp to company,pf deducted from the
employee,Salary payable to employee)
PF a/c dr to pf payable a/c(emplyer contribution of pf)
Accrual Salaries a/c dr,To Bank a/c(salary payment)
PF payable a/c dr to bank a/c(pf remitence)
| Is This Answer Correct ? | 5 Yes | 6 No |
Post New Answer View All Answers
I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
who introduces the single entry format?
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
what is the document spliting?
Which document should be attached with purchse & sales invoice?
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
Being BE student why you want to join bank?
what is the use of accounting standards
What will be entry pass in tally if TDS paid by Credit Card.?
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY
what is mba tell me the more benefits in mba
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c