Accounting entry

This query is : Resolved 

06 July 2013 In case of PF contribution by employee & employer how accounting entry to passed in books of accounts?

06 July 2013 1) Salary ac dr.
to EPF Payable Ac.

2) Employee PF(Exp) Ac. Dr.
to Bills Payable Ac.

3) EPF Payable Ac. Dr
Bills Payable Ac. Dr
to Bank Ac.

06 July 2013 why bills payable account come in to picture?




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