What is the entry for salary paid
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 October 2012
Hi experts
iam new to Industry experience ..
what is the entry for salary paid
which inclde..professional tax,pf,esi,hra
thanks
sada
iam new to Industry experience ..
what is the entry for salary paid
which inclde..professional tax,pf,esi,hra
thanks
sada
17 October 2012
Salary A/c Dr.
HRA A/c Dr.
To Prof Tax A/c
To PF A/c
To Income Tax A/c
To ESI A/c
Debit the salary A/c and all the allowances given along with the salary. Credit the deductions from the salary. These deductions accounts will closed after the payments for which the amout is deducted.
HRA A/c Dr.
To Prof Tax A/c
To PF A/c
To Income Tax A/c
To ESI A/c
Debit the salary A/c and all the allowances given along with the salary. Credit the deductions from the salary. These deductions accounts will closed after the payments for which the amout is deducted.
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17 October 2012
Agreed with the reply
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