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Craetion of employee welfare fund

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Querist : Anonymous

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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.
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CA Pushpendra Gaur

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CA Pushpendra Gaur (Expert)
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)

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