Online Updated Classes for CA CS CMA Subjects for Nov 21/May 22 Exams. Enroll Now!! Call: 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Sandeep Sharma (Accounts executive)     16 April 2019

salary journal entry

Please pass the detailed journal entry for booking salary?


 6 Replies

Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     16 April 2019

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

prasad Nilugal   16 April 2019

when you pay salary

Employees A/c Dr

To Bank A/c Cr

( Being salary Paid )
1 Like
HARIOM SHARMA

HARIOM SHARMA (GENERAL MANAGER-FINANCE AT NSEZ A GROUP OF COMPANIES)     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  
Sandeep Sharma

Sandeep Sharma (Accounts executive)     17 April 2019

Thank you very much hariom sir
HARIOM SHARMA

HARIOM SHARMA (GENERAL MANAGER-FINANCE AT NSEZ A GROUP OF COMPANIES)     17 April 2019

For Computations of EPF and ESI catch up with your HR team.

Sandeep Sharma

Sandeep Sharma (Accounts executive)     17 April 2019

Sir do we need to also open the ledger account for EMPLOYEE PF CONTRIBUTION??

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags