Head of epf and esic
This query is : Resolved
24 April 2014
Dear Sir
I am working in a Manpower service providing company. I want to know what will be the journal entry on the time of payment of salary when PF,ESIC, Bonus, Conveyance all are applicable but payroll doesn't maintain in tally. also tell me the accounting head of each ledger, What will be the EPF and ESIC payment entry
I am working in a Manpower service providing company. I want to know what will be the journal entry on the time of payment of salary when PF,ESIC, Bonus, Conveyance all are applicable but payroll doesn't maintain in tally. also tell me the accounting head of each ledger, What will be the EPF and ESIC payment entry
02 May 2014
IN TALLY DIRECT EXPENSES HEAD →ESI +EPF + ESIC+WAGES +BONUS DR
CREDIT TO SERVICE RECEIVER
AFTER PAYMENT
1 ENTRY SERVICE RECEIVER DR
TO GROSS BILLS
2 ENTRY ESI +EPF+ WAGE+ BONUS DR
TO SERVICE RECEIVER
ALL EXPENSE DEBITED AND UR COMMISSIONS IS INCOME FOR EVERY BILL
CREDIT TO SERVICE RECEIVER
AFTER PAYMENT
1 ENTRY SERVICE RECEIVER DR
TO GROSS BILLS
2 ENTRY ESI +EPF+ WAGE+ BONUS DR
TO SERVICE RECEIVER
ALL EXPENSE DEBITED AND UR COMMISSIONS IS INCOME FOR EVERY BILL
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
