I am accountant in private organization i want to now how make accounts entry for 01. for staff payable and deduction form staff 02.how make payment for pf threw bank 03.how to create bones entry 04,how make payment for bonus
note : bonus should be accounts entry only not cash not affect ,it like provision only not realy paid into hand staff
29 December 2010
1. ENTRY FOR SALARY PAYABLE WITH VARIOUS DEDUCTIONS LIKE PF /PT??
Salary to staff A/C ...............DR Employees contri to P/F A/C........DR Employees Profession tax A/C.......DR TO Salary Payable A/c (Being Salary payable to(staff name) for the month of (month)aft deduction of PF & PT)
2. HOW TO MAKE PAYMENT OF P/F ?? First you have to make a challan for the contribution of PF made by employees & employer with administration chgs, With duly filled challan & Cheque , it is to be submitted in SBI (Nationzed Bank), thereafter You'll get a token from bank, after receive a token you have to collect PF Challan from Bank after 10 days from submission date.
3. HOW TO MAKE PROVISION FOR BONUS ENTRY??
BONUS 2009-10 A/C.............DR To Bonus Payable A/c
IF BONUS PAID TO THESE EMPLOYEES, THAN ENTRY WILL BE
Bonus payable A/c .......DR. TO Bank A/c
I hope .... its useful to u.....if anything pl revert back
CAclubindia
