Q1.
Salary paid by cheque 1 lakh
View answer
Salary A/c Dr 100000
To bank 100000
Q2.
Salary paid by cheque 1 lakh ,tds deducted 10000,net amt paid 90000
View answer
Salary A/c Dr 100000
To Tds payable 10000
To bank 90000
Q3.
Salary paid by cheque 1 lakh ,tds deducted 10000,pf deducted 8000,esi deducted 2000,net amt paid 80000
View answer
Salary A/c Dr 100000
To Tds payable 10000
To PF payable(ee's contribution) 8000
To ESI payable(ee's contribution) 2000
To bank 80000
Q4.
Salary paid by cheque 1 lakh ,tds deducted 10000,pf deducted 8000,esi deducted 2000,net amt paid 80000.Employer also paid PF 11000,ESI 4000
View answer
Salary A/c Dr 100000
To Tds payable 10000
To PF payable(ee's contribution) 8000
To ESI payable(ee's contribution) 2000
To bank 80000
Employer PF Exp Dr 11000
Employer ESI Exp Dr 4000
To PF payable(er's contribution) 11000
To ESI payable(e4's contribution) 4000
Combined Entry
Salary A/c Dr 100000
Employer PF Exp Dr 11000
Employer ESI Exp Dr 4000
To Tds payable 10000
To PF payable(EE's contribution) 8000
To ESI payable(EE's contribution) 2000
To Bank 80000
To PF payable(ER's contribution) 11000
To ESI payable(ER's contribution) 4000
TDS Payment Entry
Tds payable 10000
To bank 10000
PF Payment entry
PF payable(EE's contribution) 8000
PF payable(ER's contribution) 11000
To bank 19000
ESI Payment entry
ESI payable(EE's contribution) 2000
ESI payable(ER's contribution) 4000
To Bank 6000