How to record this entry in company book.
This query is : Resolved
11 September 2009
Hello Sir,
Employee Name: Kevin
Company Name: Leadkarma
Example:
Kevin pay $400 to company for his health insurance payment. Which entry made in companies books.
Company received $400 from employee & $100 contribution added by company & pay $500 to Insurance Co. Which Entry I made in Companies book account.3
Plese provide your feedback for above on my mail id: rathodkamlesh2@ymail.com
Thanks
Kamlesh Rathod
Employee Name: Kevin
Company Name: Leadkarma
Example:
Kevin pay $400 to company for his health insurance payment. Which entry made in companies books.
Company received $400 from employee & $100 contribution added by company & pay $500 to Insurance Co. Which Entry I made in Companies book account.3
Plese provide your feedback for above on my mail id: rathodkamlesh2@ymail.com
Thanks
Kamlesh Rathod
16 September 2009
Dear Kamlesh,
When u receive amount
Dr. Cash/Bank A/c
Cr. Contribution of Employee for H. Insurance (Under Head of Current Liablity)
When U Add and pay amount
Dr. Contribution of Employee for H. Insurance 400
Dr. Employee H. Insurance (Expenses) 100
Cr. Cash/Bank A/c
When u receive amount
Dr. Cash/Bank A/c
Cr. Contribution of Employee for H. Insurance (Under Head of Current Liablity)
When U Add and pay amount
Dr. Contribution of Employee for H. Insurance 400
Dr. Employee H. Insurance (Expenses) 100
Cr. Cash/Bank A/c
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
