Salary entries

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Avin (Querist)
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25 June 2012 Basic Salary 4060
HRA 1624
incentive 200
Other All. 4466
Less
PF 487
ESIC 181
PT 150
salary payable 9532
__________________________________

Employer PF contribution 552
__(including PF, EDLI & adm. cha.)________________________________

In above situation what is the entry made in tally like JV and payment entry and under which head above all ledger comes like salary payable come under cur. lia.
pl. send me the total entries regarding above transaction.

Thanking You all my friends

CA BHARATH KUMAR

CA BHARATH KUMAR (Expert)
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11 July 2012 first you pass journal voucher as on 31/30th
admn salary account dr - 10350
to Professional tax - 150
to Employee PF - 487
to employee ESI cont - 181
to Salary payable - 9532
here salary account -indirect expenses
professional tax(from co treat as expense) - statutory liability
pf and esi - statutory liability(only employee contribution)
Salary P'ble - current liabilities
2)Payment:
salary pble a/c dr 9532
to bank/cash a/c 9532
here bank in asset(od in loans(liab)
3)statutory payment
i) Pf:
employee PF cont dr 487
employer PF cont dr 552
To bank a/c 1039
here employer contribution pf treated as expense only in the case of employer contribute . but it also deduct from employee it should be liab)
ii) ESI:
ESi employee Pble A/c dr 181
ESI employer A/c dr 491
To Bank account - 672
here employer contribution treated as expense(P?L Account)
iii) PT
P T p'ble Dr 150
To bank A/c 150

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