Providend fund entry

This query is : Resolved

P. SHARMA (Querist)
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10 September 2011 PF CHALLAN

PF CONTRI (STAFF) 2,778.00
EPS (8.33 % OF SALARY) 1928.00
EPF(3.67% OF SALRY) 850.00
EPF ADMIN CHARGES(1.1% OF SALARY)255.00
EDLI CHARGES(.05% OF SALARY) 12.00
EDLI ADMIN CHARGES( 0.01% OF SALARY) 2.00

TOTAL PAYABLE 5,825.00

WHAT IS THE PAYMENT ENTRY.

ADITYA

ADITYA (Expert)
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10 September 2011 Employees PF Contribution Dr Rs 2,778/=
Employers PF Contribution Dr Rs 3,047/=

To Bank / Cash Account Cr Rs 5825/=

Note : While passing salary JV, you have to book
Salary A/c Dr 2778/= Employees PF Contribution cr Rs 2,778/=
The effect in the ledger will be zero.