question regurding VAT and Salary entry
This query is : Resolved
13 December 2008
how URD purchases are taken into considration for tax calculation.
second.
what is entry for salary including PF, ESI Employees and Employers contrubution.
salary is 500000.
Employees Contrubution:
PF 60000
ESI 8750
Employer contrubution:
63250
23750.
second.
what is entry for salary including PF, ESI Employees and Employers contrubution.
salary is 500000.
Employees Contrubution:
PF 60000
ESI 8750
Employer contrubution:
63250
23750.
SUBRAMANIA SARMA G
(Expert)
13 December 2008
Are you a student or a professional CA
any way the entry would be as follows
Debit
Salary A/c 500000
credit
PF Payable a/c 60000
ESI Payable a/c 8750
Salary payable a/c 431250
DEBIT
Contribution to pf a/c 63250
Contribution to EST a/c 23250
Credit
PF Payable 63250
ESI Payable 23250
Debit
Salary payable 431250
PF Payable 123250
ESI Payable 32500
to bank 587000
Write suitable narrations
any way the entry would be as follows
Debit
Salary A/c 500000
credit
PF Payable a/c 60000
ESI Payable a/c 8750
Salary payable a/c 431250
DEBIT
Contribution to pf a/c 63250
Contribution to EST a/c 23250
Credit
PF Payable 63250
ESI Payable 23250
Debit
Salary payable 431250
PF Payable 123250
ESI Payable 32500
to bank 587000
Write suitable narrations
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