Journal entry

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Murali Mohan Naidu

Murali Mohan Naidu (Querist)
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25 October 2013 pls tell me journal entry for Salary, PF, ESIC, of employees part & also for employer part

Ganeshbabu K

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

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]

3)transfer employee contributions also to esi payable and make payment so that esi payable will closed

Thanks & regards
ganesh babu k

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