sathiyadeepan (Finance Professional) (48 Points)
07 December 2013Hi
Please provide the acconting entries for Esi and pf payable while making a payment . And kindly specify it with the accounting rule( as its a real or nominal )
GAUTAM SHARMA
(Audit Assistant)
(353 Points)
Replied 07 December 2013
Salary a/c Dr.: Gross amount
Employer Contribution to pf Dr.: Employer Contribution Amount
Bank/Salary Outsanding Cr.: Amount Excluding Pf & ESI AMount
To Provident Fund Payable Cr.: Total PF Amount
To ESI Payable A/C Total ESI Contribution
VIKASH KUMAR JAIN
(Audit Executive)
(711 Points)
Replied 08 December 2013
CAclubindia
