Epf entries in accounting

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Neelesh Kumar Pandey

Neelesh Kumar Pandey (Querist)
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14 August 2013 what journal entries will be passed relating epf?

Ganeshbabu K

Ganeshbabu K (Expert)
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14 August 2013 1) Dr.Gross Salary A/c [Expence]
Cr.ESI-Employee A/c [Current Liability]
Cr.PT-Employee A/c [Current Liability]
Cr.EPF-Employee A/c [Current Liability]
Cr.TDS -Employee A/c [Current Liability]
Cr.Salary Advance A/c[Current Asset]
Cr.Salary Payable A/c[Current Liability]

2) Dr.ESI-Employer A/c [Expence]
Dr.PF-Employer A/c [Expence]
Cr.ESI Payable A/c [Current Liability]
Cr.PF Payable A/c [Current Liability]

Thanks & regards
ganesh babu k

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