Salary a/c Dr.12,000
Salary Payable 9,600.00
PF Employee Contbn. 2,400.00
(being Salary Payable for the month of May 2012).
Salary Payable A/c Dr. 9,600.00
to Bank 9,600.00
(being Salary Paid for the month of May 2012)
PF Employee Cotbn. 2,400.00
PF Employer Contbn 2,600.00
To Bank 5,000.00
(Being the PF Amount Paid for the month of May 2012)
Contact SGC Management Services - ESI PF Consultant For Best Consult
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
debit salary expensecredit cash
loss by theft A/c to purchases
Debit cash in handCredit bank
debit unexpired interestcredit interest paid
For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.
debit salary expensecredit cash
loss by theft A/c to purchases
Debit cash in handCredit bank
Cash a/c Dr. To Sales a/c
debit unexpired interestcredit interest paid
Debit cash / bankCredit discount allowed
debit rent expensecredit cash / bank
Compound journal entry is that entry which records more than one business transaction in one single journal entry.
Debit cash / bankCredit share capital
debit bankcredit cash
debit cash / bankcredit loan from bank