Accounting entry
This query is : Resolved
06 July 2013
In case of PF contribution by employee & employer how accounting entry to passed in books of accounts?
06 July 2013
1) Salary ac dr.
to EPF Payable Ac.
2) Employee PF(Exp) Ac. Dr.
to Bills Payable Ac.
3) EPF Payable Ac. Dr
Bills Payable Ac. Dr
to Bank Ac.
to EPF Payable Ac.
2) Employee PF(Exp) Ac. Dr.
to Bills Payable Ac.
3) EPF Payable Ac. Dr
Bills Payable Ac. Dr
to Bank Ac.
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