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Ledgers

Accounting Entries 417 views 11 replies

CAN SOME ONE ANSWER HOW MANY LEDGERS SHOULD WE MAINTAIN FOR THE FOLLOWING AND THE ACCOUNTING ENTERIES AT EVERY STAGE

1. PF

2 ESI

3 PT

4 GST

Replies (11)
Are you regular dealer or composition dealer in GST?
All ledger related to statutory dues,which is comes under current liability

can u please elobrate for my understanding 

PF and ESIC related to employer and employee both, so u need the create separate ledger
Mr Shyam Vasudevan.,

Are you regular dealer or composition dealer in GST?

Leave Your reply this one... I'll try to give reply based on Your ans...
How to create GST Taxation Ledgers in Tally – Step by Step As we all know there are four types of taxes in GSTregime. They are CGST(Central GST) & SGST(State GST) for intrastate sale or local sale.IGST ( Integrated GST) for interstate sale and UGST for sale in union terittory. In this tutorials we will learn how to create all these GST tax ledgers in tally erp 9. From Gateway of Tally, go to Accounts Info. Select Ledgers Select Create under Single Ledger
Please answer whether you are regular or composition dealer. Based on this only your gst entry can be done.
Originally posted by : Shyam Vasudevan

If You will enter simply then You can create few Ledgers in the following heads

1. PF :

 -- i) Employee's Contribution (Under "Current Liability")

 -- ii) Employer's ContriBution (Under "Expenses Head")

2 ESI :

-- i) Employee's Contribution (Under "Current Liability")

 -- ii) Employer's ContriBution (Under "Expenses Head")



3 PT :

 -- i) Professional Tax (under "Duties & Taxes")



4 GST : It have some differents based on Regular Dealer & Composition Dealers...

 

Originally posted by : Shyam Vasudevan

If You will enter detailed then You can create some of the Ledgers in the following heads

1. PF :

-- i) PF - Employee's Contribution @ 12% - (Current Liabilities)

--ii) PF - Employer's Contri @ 0.01% (Ac No.22) - (Expenses Head)

--iii) PF - Employer's Contri @ 0.5% (Ac No.21) -            "

--iV) PF - Employer's Contri @ 0.85% (Ac No.02) -          "

--v) PF - Employer's Contri @ 3.67% (Ac No.01) -            "
--vi) PF - Employer's Contri @ 8.33% (Ac No.10) -           "


2 ESI :

-- i) ESI - Employee's Contribution @ 1.75% - (Current Liabilities)

--ii) ESI - Employer's Contribution @ 4.75% - (Expenses Head)

 

 

Good explanation Raja sir.....
Thank You Mr Vinod Babu...


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