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
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
can u please elobrate for my understanding
| Originally posted by : Shyam Vasudevan | ||
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If You will enter simply then You can create few Ledgers in the following heads -- i) Employee's Contribution (Under "Current Liability") -- ii) Employer's ContriBution (Under "Expenses Head") -- i) Employee's Contribution (Under "Current Liability") -- ii) Employer's ContriBution (Under "Expenses Head")
-- i) Professional Tax (under "Duties & Taxes")
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| Originally posted by : Shyam Vasudevan | ||
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If You will enter detailed then You can create some of the Ledgers in the following heads -- 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) - "
-- i) ESI - Employee's Contribution @ 1.75% - (Current Liabilities) --ii) ESI - Employer's Contribution @ 4.75% - (Expenses Head)
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