Entry for salary paid
Querist : Anonymous
a employee was hires for gross salary of Rs 10,000 p.m. Basic salary Rs 10,000 employer share to PF 12%, employees share 12%.
ok entry will be like this
salary dr. 10000
employer contribution to pf (under employee benefits salary only) dr. 1200
to bank - 8800
to PF payable 2400
.
pf payable - 2400
to bank - 2400
Querist : Anonymous
salary dr. 10000
to pf contribution by employer payable 1200
to pf contribution of employee payable 1200
to bank 7600.
else entry can be done in breakup also...means giving sub head under slary also.
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