ESI & EPF

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Sushant Singh (Querist)
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24 August 2009 Sir,
i want to know the accounting entries of ESI & EPF .
Please tell me also what it is & to whom it is applied or its application of provisions .

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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25 August 2009 The journal entry for all statutory dues,

While deducting the same from Employee

Concerned Expense (Salary) A/c Dr
To Statutory Dues A/C (EPF, ESI, TDS)
To Bank A/c
TO TDS

for Employers Contribution

Statutory Dues A/c Dr
To Statutory Dues Payable A/c

Transfering the Employees Deduction

Statutory Dues A/c
To Statutory Dues Payable A/c

While Paying the Same

Statutory Dues Payable A/c
To Bank A/c

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for applicatbility of ESI and EPF read SEI acr, and EPFMP ACt, from shared file or tell me ur mail id through PM to receive the applicability details

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vijay singhal

vijay singhal (Expert)
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25 August 2009 agreed with manmohan

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