salary paid-100
pf employer-10
pf employee-5
Esi employer-7
Rsi employee-3
what is journal entry
I will go by,
Salary expense
PF employee
PF employer
Esi
Rsi expense
To Payables a/c
(RSI includes-lost salary, lost productivity via absence of a knowledgeable employee, additional salary costs for temporary employees, legal and medical specialist fees in the event of litigation, and increased insurance premiums caused by litigation.) I’m not sure about company having the right to claim health insurance. If that is facilitated, then, the treatment will differ for RSI.
CAclubindia
