Epf entries in accounting
This query is : Resolved
Neelesh Kumar Pandey
(Querist)
14 August 2013
what journal entries will be passed relating epf?
Ganeshbabu K
(Expert)
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
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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