Head of epf and esic
This query is : Resolved
Anita Chauhan
(Querist)
24 April 2014
Dear Sir
I am working in a Manpower service providing company. I want to know what will be the journal entry on the time of payment of salary when PF,ESIC, Bonus, Conveyance all are applicable but payroll doesn't maintain in tally. also tell me the accounting head of each ledger, What will be the EPF and ESIC payment entry
I am working in a Manpower service providing company. I want to know what will be the journal entry on the time of payment of salary when PF,ESIC, Bonus, Conveyance all are applicable but payroll doesn't maintain in tally. also tell me the accounting head of each ledger, What will be the EPF and ESIC payment entry
02 May 2014
IN TALLY DIRECT EXPENSES HEAD →ESI +EPF + ESIC+WAGES +BONUS DR
CREDIT TO SERVICE RECEIVER
AFTER PAYMENT
1 ENTRY SERVICE RECEIVER DR
TO GROSS BILLS
2 ENTRY ESI +EPF+ WAGE+ BONUS DR
TO SERVICE RECEIVER
ALL EXPENSE DEBITED AND UR COMMISSIONS IS INCOME FOR EVERY BILL
CREDIT TO SERVICE RECEIVER
AFTER PAYMENT
1 ENTRY SERVICE RECEIVER DR
TO GROSS BILLS
2 ENTRY ESI +EPF+ WAGE+ BONUS DR
TO SERVICE RECEIVER
ALL EXPENSE DEBITED AND UR COMMISSIONS IS INCOME FOR EVERY BILL
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