Journal entry

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Querist : Anonymous (Querist)

18 February 2017 how to make salary expense journal entry

ACS Shilpa Baheti

ACS Shilpa Baheti (Expert)
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18 February 2017 Salary A/c Debit
Bank A/c credit.
and separate entry for professional tax/esi/pf etc.

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2017 is this entry correct?
Salary a/c Dr.
epf employer share Cr.
epf employee share cr.
esi employer share cr.
esi employee share cr.
salary payable cr.

ACS Shilpa Baheti

ACS Shilpa Baheti (Expert)
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20 February 2017 No. its incorrect since the mode of payment cash/bank is not credited.
Instead,
Benefit to employees A/c Dr
Bank A/c Cr.
Professional tax A/c. Cr
employee contribution PF A/c cr.
Employee contribution Esic A/c Cr.

ACS Shilpa Baheti

ACS Shilpa Baheti (Expert)
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20 February 2017 and
employee contribution pf A/c Dr
PF contribution 3.67% A/c Dr.
PF Admin charges A/c Dr.
Pension contribution A/c Dr.
EDLI contribution A/c Dr.
EDLI Admin charges A/c Dr.
Bank A/c Cr.
This is regarding Provident Fund.

But regarding ESI the same has to be applied.

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