Craetion of employee welfare fund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2011
Please let me know What would be the entry for creation of Employee welfare fund, The craetion of Welfare fund is out of deduction form salary of employee.
26 September 2011
Well the entry would be
Employee Salary Account Dr Full Amount
To Employee Welfare Fund-Employee contribution A/c Dr ( amount of employee contribution)
To Bank A/c ( amount paid after deduction)
Employee Salary Account Dr Full Amount
To Employee Welfare Fund-Employee contribution A/c Dr ( amount of employee contribution)
To Bank A/c ( amount paid after deduction)
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