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Salary journal entries

Accounting Entries 338 views 3 replies

I am   doing  internal  audit  but  iam   confused  while  going  through   salary  ledger  because  there  is  esi  pf  and  all   .  Please  help  me  how to  check  it  and the proper  journal  entries  for  these  items

Replies (3)
HELLO.

ESIC, PF, TDS, PROF TAX etc is deducted from salaries frm the employees. So first of all exps entry to be made.

Salary exps dr...
to Esic...
to PF.....
to TDS...
to PT...
TO Salary Payable....


then

Salary Payable Dr..
to BANK a.c..

then other stat liabi.

TDS , Pf, pt dr...
to Bank acc..

Hope u get it.
Thnks

Thank  you sir

Welcome ma'am.


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