Salaries entries

This query is : Resolved

Mohammed Iqthedar (Querist)
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28 August 2012 Dear All,

I am a B.Com Graduate working in Dubai as an Accountant,I have small confusion about salaries,here in Dubai there is a tax free salaries what are the entries for this salaries, in my company there is only staff insurance.My company is paying 11% insurance as company share and 9% as employee share.The 9% deducting from employee salaries of local(National).what is the enttries for salaries and after paying salaries,what is the entries for insurance.

I hope my request is a favourable considered.

Thanks & Regards

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 August 2012 Salary A/c Dr
To Insurance Premium Payable
To Salary Payable

Insurance Premium A/c Dr
To Insurance Premium Payable
(Employer's share)

Salary Payable
To Bank

Insurance Premium Payable
To Bank

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