Treatment of salary paid by group co.
Querist : Anonymous
in B co.s a/cs, A............DR.1000
To PF 10
To PT 10
To Mr.Q. 80
Mr.Q ........DR.80
To Bank. 80
, entry is passed.
What should be the entry in A Co. ?
Mr. Q is working for A.co. but intially on pay roll of B.co.
Querist : Anonymous
And initally pf pt is deducted by B Co. so how to show salary in B a/c. becoz if salary is debited then liability to deduct will be of A but actually salary is deducted by B co.
the entry passed in B Company related to pf/PT need to be transfer to A and pay from there
Salry A/c DR 100
To PF 10
To PT 10
To A Co. 80
Querist : Anonymous
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