02 March 2013
Sir, As we are not doing PAYROLL in SAP and we are taking only Entry Points in SAP. So please tell me whether this accounting entries are correct.
1. For Salary Payment a) Salary to Staff A/c Dr. To Salary Payable A/c b) Salary Payable A/c Dr. To Bank A/c.
2. For EPF a) Contribution to EPF A/c Dr To EPF Payable A/c b) EPF Payable A/c Dr. To Bank A/c Are the above entries correct? What are other aspects are to be considered? Please Guide.
CAclubindia
