24 August 2009
Sir, i want to know the accounting entries of ESI & EPF . Please tell me also what it is & to whom it is applied or its application of provisions .
25 August 2009
The journal entry for all statutory dues,
While deducting the same from Employee
Concerned Expense (Salary) A/c Dr To Statutory Dues A/C (EPF, ESI, TDS) To Bank A/c TO TDS
for Employers Contribution
Statutory Dues A/c Dr To Statutory Dues Payable A/c
Transfering the Employees Deduction
Statutory Dues A/c To Statutory Dues Payable A/c
While Paying the Same
Statutory Dues Payable A/c To Bank A/c
----------- for applicatbility of ESI and EPF read SEI acr, and EPFMP ACt, from shared file or tell me ur mail id through PM to receive the applicability details
CAclubindia
