Payroll entry
This query is : Resolved
10 July 2015
What is the payroll entry for given detail?
Gross Salary - Rs. 10,000
Employer's PF Contribution - Rs. 2,000
Employee's PF Contribution - Rs. 1,000
TDS - Rs. 2,000
Gross Salary - Rs. 10,000
Employer's PF Contribution - Rs. 2,000
Employee's PF Contribution - Rs. 1,000
TDS - Rs. 2,000
10 July 2015
Hi Mr Patel
Salary - Dr (Expenses) - 10000
PF (Both) - Cr (Laibility) - 3000 (Due to be reversed when actual payment is made)
TDS Cr (Liabiltiy) - 2000
Bank A\c Cr (Assets - Payment) - 5000
Salary - Dr (Expenses) - 10000
PF (Both) - Cr (Laibility) - 3000 (Due to be reversed when actual payment is made)
TDS Cr (Liabiltiy) - 2000
Bank A\c Cr (Assets - Payment) - 5000
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