salary journal entry

Sandeep Sharma (Accounts executive) (552 Points)

16 April 2019

Please pass the detailed journal entry for booking salary?

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6 Replies

Giridhar S Karandikar (Team Lead) (7553 Points)
Replied 16 April 2019

salary. Dr
to employee
to TDS
to epf
to other deductions

prasad Nilugal (3924 Points)
Replied 16 April 2019

when you pay salary

Employees A/c Dr

To Bank A/c Cr

( Being salary Paid )

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HARIOM SHARMA (GENERAL MANAGER-FINANCE AT NSEZ A GROUP ) (67 Points)
Replied 17 April 2019

	DIRECTORS SALARY A/C	Dr	800000.00
	Salary & Wages A/c	Dr	3558391.00
	HRA	Dr	770836.00
	CONVEYANCE SALARY	Dr	799146.00
	SPECIAL ALLOWANCE	Dr	816998.00
	EMPLOYERS CONTRIBUTION TO EPF	Dr	519783.00
	ESI Contribution Employer	Dr	135290.00
	EPF ADM. CHARGES	Dr	37759.00
	EDLI CHARGES	Dr	21653.00
	EPMLOYEE 9 - ADVANCE	Dr	135.00
To	Salary Payable	Cr		5724720.00
To	EPF PAYABLE A/C	Cr		1098978.00
To	ESI PAYABLE	Cr		185393.00
To	TDS PAYABLE OTHER THAN COMPANIES	Cr		426400.00
To	EMPLOYEE 1- ADVANCE	Cr		4000.00
To	EMPLOYEE 2- ADVANCE	Cr		5000.00
To	EMPLOYEE 3- ADVANCE	Cr		6000.00
To	EMPLOYEE 4- ADVANCE	Cr		3000.00
To	EMPLOYEE 5- ADVANCE	Cr		1000.00
To	EMPLOYEE 6- ADVANCE	Cr		4000.00
To	EMPLOYEE 7- ADVANCE	Cr		1000.00
To	EMPLOYEE 8- ADVANCE	Cr		500.00
On Account of :
BEING AMOUNT OF SALARY RS. 7459856.00 INCLUDING ESI & EPF (THIS IS SAMPLE CASE)
₹ 7459991.00				₹ 7459991.00