Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

what is the entry of employer's contribution towards epf and pension fund???

Save Share

This query is : Resolved

Nitesh Kumar Sharma (Querist)
Follow

24 February 2017 is it necessary to do a single entry of employer's towards epf and pension fund contribution with salary due? entry of salary due is basic pay dr hra dr conveyance dr and all allowances given by employer debited salary payable cr esi contri. cr epf contri. cr and all deduction made by employer credited. i think this is the full fledged journal entry of salary due... but my question is ' may i book employer contribution towards epf and pension fund in journal with the above entry made by me??? if it is possible then what will be the entry??? please help me i m in confusion...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

24 February 2017 Yes you can book the journal entry. The entry is Employer's PF contribution Dr and Employer's pension contribution Dr To epf contribution cr and pension contribution cr(liability ac).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now