Pf & esi journal entries
This query is : Resolved
NAVANEETHAKRISHNAN S
(Querist)
29 December 2012
Gross Salary 53500
Net Salary 46144
Employee Contribution for PF 6420
Employee Contribution for ESI 936
Employer Contribution for PF 6420
Employer Contribution for ESI 2541
PF Admin chrgs 1250
EDLI Fund 250
EDLI admin chrgs 20
Pass Necessery Jounal Entries :
a) When pay the salary.
b) When pay the pf & esi
c) When put the provision for march
Net Salary 46144
Employee Contribution for PF 6420
Employee Contribution for ESI 936
Employer Contribution for PF 6420
Employer Contribution for ESI 2541
PF Admin chrgs 1250
EDLI Fund 250
EDLI admin chrgs 20
Pass Necessery Jounal Entries :
a) When pay the salary.
b) When pay the pf & esi
c) When put the provision for march
29 December 2012
Hi
In short:
Gross Salary Dr
Stat Exp Dr
..To Net Pay
..To Stat Exp Liabilities
When Salary is paid..
Net Pay Dr..
..To Bank A/c
In March also same entry to be passed, coz in 1st entry provision will be taken care.
Thanks!!
In short:
Gross Salary Dr
Stat Exp Dr
..To Net Pay
..To Stat Exp Liabilities
When Salary is paid..
Net Pay Dr..
..To Bank A/c
In March also same entry to be passed, coz in 1st entry provision will be taken care.
Thanks!!
Message likes :
1 times
NAVANEETHAKRISHNAN S
(Querist)
29 December 2012
Statutory expenses stands for . . . ?
NAVANEETHAKRISHNAN S
(Querist)
29 December 2012
i know sir . .i got rs.8961 as a shortage when we put the first entry . . . why is the difference . . the journal entry should be tally . .
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