Posting of p.f. entry

Entries will be:-

1. At the end of Month:-

Salary Account        .....Dr.            <Whole Salary Amt.>

Employer's Contribution .....Dr.    <Emp-er's Contribution>

               To Salary Payable          <Whole Salary Amt.-780>

               To PF Payable Account   <Emp-er's Contribution+780>

2. At the time of payment:-

PF Payable Account     ......Dr.       <Emp-er's Contribution+780>

                To Bank Account