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salary journal entry
Please pass the detailed journal entry for booking salary?
Replies (6)
salary. Dr
to employee
to TDS
to epf
to other deductions
to employee
to TDS
to epf
to other deductions
when you pay salary
Employees A/c Dr
To Bank A/c Cr
( Being salary Paid )
Employees A/c Dr
To Bank A/c Cr
( Being salary Paid )
| 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 | ||||
Thank you very much hariom sir
For Computations of EPF and ESI catch up with your HR team.
Sir do we need to also open the ledger account for EMPLOYEE PF CONTRIBUTION??
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