Journal entry in tally
This query is : Resolved
24 November 2013
sir I want know this what is journal entry in tally if basic salary is 15000, and deduction esi, employer contributions, pf, and if salary 18000 then.
Ramkrishna Mokashi
(Expert)
24 November 2013
A simplified version of the entry in the books of the employer:-
Dr. Salary (with 15000)
Dr. Employer Contribution of PF/ESI (with 3000)
Cr. Payroll Payable (with 15000 less employee contribution of PF/ESI)
Cr. PF/ESI Payables (with employee contribution of PF/ESI)
Hope this helps.
Dr. Salary (with 15000)
Dr. Employer Contribution of PF/ESI (with 3000)
Cr. Payroll Payable (with 15000 less employee contribution of PF/ESI)
Cr. PF/ESI Payables (with employee contribution of PF/ESI)
Hope this helps.
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