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| This query is : Resolved
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Author : Anonymous
( Author )
26 June 2010
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Dear all
please tell me the entry for the salary ,EPF, ESIC.
dinesh
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CMA Ramesh Krishnan
( Expert )
26 June 2010
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Dr: Salary
Dr: Employer PF contribution
Dr: Employer ESI Contribution
Cr: TDS on Salary
Cr: Provident fund payable
Cr: ESI payable
Cr: Salary payable/Bank
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CMA.Palani Arumugam
( Expert )
26 June 2010
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Agreed.
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CA AYUSH AGRAWAL
( Expert )
08 December 2012
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1. Pass the journal entry when salary is due.
Basic Salary Debit
Allowances Debit
Company Contribution to EPF Debit
Company Contribution to EPS Debit
Administration Charges to EPF Debit
Company contribution to ESIC Debit
EPF Payable Credit
EPS Payable Credit
ESIC Payable Credit
Professional Tax Payable Credit
TDS Payable Credit
Labour welfare fund Payable Credit
Loan to Employee Credit
Salary Advance to Employee Credit
Rent Recovery Credit
Canteen Expense Credit
Salary Payable Credit
2. Pass the journal entry of the payment of salary.
Salary Payable Debit
Cash/ Bank Credit
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