Hi
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 )
Menu
Pf , and esi payable accounting entry
Replies (2)
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
1. Employer contribution to pf dr. (Expense)Employee contribution to pf dr.(Liability)
To pf payable
2. Pf payable dr. To bank a/c. cr.
3. E.S.I. payable dr. To bank a/c. cr.
Recent Threads
- How to Increase Website Traffic Effectively
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
Related Threads
CAclubindia
