HOW TO PAS PF CONT. ENTRY

Admin charge 1715
Employer share 34704
Employee share 41153
(as per challan detail)
Replies (7)
Quick Summary
This discussion clarifies the accounting entries required for processing Provident Fund (PF) contributions. It breaks down the amounts for admin charges, the employer's share, and the employee's share, providing the necessary debit and credit entries for each component. The aim is to ensure accurate recording of these financial transactions.

Admin charges a/c dr
to Bank a/c

Salary a/c dr
to P.F deduction by employer a/c
to P.F deduction by employee a/c
to Bank a/c

Employer share a/c dr
Employee a/c dr
to Bank a/c
Thnax sir..
Your welcome
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Thank you
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